Adtalem Global Education (ATGE) Tops Q3 EPS by 14c
Adtalem Global Education (NYSE: ATGE) reported Q3 EPS of $0.81, $0.14 better than the analyst estimate of $0.67. Revenue for the quarter came in at $271.5 million versus the consensus estimate of $274.08 million.
Adtalem Outlook
While the near-term financial impact of the COVID-19 pandemic is rapidly evolving and difficult to measure, based on current visibility, there is wider range of potential projected outcomes than normal for the fiscal fourth quarter. Despite confidence in the Adtalem’s ability to exit this period of disruption in a position of strength, Adtalem will not provide fiscal year guidance and withdraws its previously issued guidance for fiscal 2020.
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