2u (TWOU) Tops Q1 EPS by 12c, provide guidance

2u (NASDAQ: TWOU) reported Q1 EPS of ($0.22), $0.12 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $198.4 million versus the consensus estimate of $195.91 million.

GUIDANCE:

2u sees FY2024 revenue of $805-815 million, versus the consensus of $806.7 million.
Net loss to range from $103 million to $98 million
Adjusted EBITDA to range from $120 million to $125 million
The company is providing its second quarter guidance as follows:

Second quarter 2024

Revenue to range from $191 million to $194 million, versus the consensus of $195.7 million.
Net loss to range from $37.5 million to $32.5 million
Adjusted EBITDA to range from $16 million to $18 million

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

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