Adtalem Global Education (ATGE) Misses Q4 EPS by 5c, Revenues Miss
Adtalem Global Education (NYSE: ATGE) reported Q4 EPS of $0.86, $0.05 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $319.8 million versus the consensus estimate of $352.48 million.
“Fiscal year 2018 was a transformative year for Adtalem and we enter fiscal 2019 focused on our core verticals, committed to empowering our students and the communities they serve and delivering superior academic outcomes,” said Lisa Wardell, president and CEO of Adtalem Global Education. “We continue to streamline and strategically align our portfolio to deliver consistent growth in areas of competitive differentiation for Adtalem, while driving further operating efficiencies across our organization, and balancing our capital allocation by investing in our institutions and providing direct returns to our owners.”
- Revenue of $319.8 million increased 1.5 percent compared to the prior year
- Net income was $62.8 million compared to $42.9 million in the prior year; net income from continuing operations excluding special items was $53.0 million compared to $48.1 million in the prior year
- Diluted earnings per share was $1.02 compared to $0.67 in the prior year; diluted earnings per share from continuing operations excluding special items was $0.86 compared to $0.75 in the prior year
- Approximately 531,000 shares of common stock were repurchased during the fourth quarter of fiscal 2018 at an average purchase price of $47.87 for a total of $25.4 million
For earnings history and earnings-related data on Adtalem Global Education (ATGE) click here.
