Adtalem Global Education (NYSE: ATGE) reported Q2 Cont. Ops. EPS of $0.76, $0.01 better than the analyst estimate of $0.75. Revenue for the quarter came in at $337.2 million versus the consensus estimate of $436.63 million.

Guidance:

Sees Q3 2018 revenues up 3-4%.

Sees FY 2018 Cont. Ops EPS before special items up 10-12%, sees FY 2018 revenues up 1-2%

From the Press Release (emphasis Street Insider):

"Fiscal 2018 third quarter revenue is expected to increase 3 to 4 percent compared to the prior year. Revenue growth within the Medical and Healthcare, Professional Education and Technology and Business segments is expected to offset declining revenue within the US Traditional Postsecondary segment. Third quarter operating costs before special items are expected to increase 1 to 2 percent compared to the prior year. Third quarter expenses may be impacted by the timing of the receipt of insurance proceeds for the reimbursement of hurricane-related expenses.

Fiscal 2018 full year revenue is expected to increase 1 to 2 percent compared to the prior year and earnings growth from continuing operations before special items is expected to be 10 to 12 percent compared to the prior year. Full year capital spending is expected to be in the $60 to $65 million range, excluding hurricane-related spending. The effective income tax rate on continuing operations for the fiscal year is expected to be in the range of 16 to 17 percent, before special items. Adtalem’s outlook excludes potential charges related to restructuring plans and the pending sale of DeVry University."

For earnings history and earnings-related data on Adtalem Global Education (ATGE) click here.