Zovio Inc (ZVO) Misses Q1 EPS by 9c

Zovio Inc (NASDAQ: ZVO) reported Q1 EPS of ($0.10), $0.09 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $76.9 million versus the consensus estimate of $76.1 million.

"For the first quarter of 2021, our Zovio Growth segment generated further momentum delivering nearly 80% top-line growth year-over-year. At the same time, we continued to advance our relationship with the University of Arizona Global Campus, and recently added a new partner in our University Partners Group segment," commented George Pernsteiner, Zovio Board Chair and Interim CEO. "As we move forward with our comprehensive search for Zovio's next leader, we have retained a search firm to facilitate this process, which we believe will yield the right blend of vision, industry and operational expertise to advance Zovio's strategy and deliver shareholder value for years to come."

For earnings history and earnings-related data on Zovio Inc (ZVO) click here.

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