2u (TWOU) Misses Q3 EPS by 2c, Offers Guidance

2u (NASDAQ: TWOU) reported Q3 EPS of ($0.15), $0.02 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $229.7 million versus the consensus estimate of $224.03 million.

GUIDANCE:

2u sees FY2023 revenue of $965-990 million, versus the consensus of $980.5 million.

• Revenue to range from $965 million to $990 million, representing growth of 1.5% at the midpoint, including expected revenue of $80 million in the fourth quarter related to portfolio management activities;
• Net loss to range from $250 million to $240 million; and
• Adjusted EBITDA to range from $165 million to $175 million, representing growth of 36% at the midpoint.

For earnings history and earnings-related data on 2u (TWOU) click here.

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