American Public Education (NASDAQ: APEI) reported Q2 EPS of $0.45, $0.21 better than the analyst estimate of $0.24. Revenue for the quarter came in at $82.1 million versus the consensus estimate of $77.87 million.

"We are incredibly grateful that a growing number of adult learners seeking affordable, safe and uninterrupted access to high-quality higher-education experiences recognize the value of our learning platforms," said Angela Selden, Chief Executive Officer of APEI. "Our institutions were built on the belief that quality education should be accessible to all, not reserved for the few, and this is especially true during this period of great disruption in our economy and in higher education."

"The growth in enrollments in the second quarter as compared to a year ago reflects the ongoing transformation that has been taking place at APEI over the past year. At HCN, we have improved curriculum and made pre-licensure degrees more readily available to individuals interested in the nursing field. At APUS, students looking to improve their future career prospects chose APUS for its affordability and high-quality academic programs."

"Moving forward, we will continue to emphasize helping more adult learners maximize their higher education return on investment (HEROI) with highly relevant programs of study at affordable prices," added Selden. \We believe this approach, combined with the investments we are making in our business operations and in our ongoing technology transformation, will further strengthen our ability to serve learners of all backgrounds with great distinction

GUIDANCE:

American Public Education sees Q3 2020 EPS of $0.05-$0.10, versus the consensus of $0.06. American Public Education anticipates third quarter 2020 consolidated revenue to increase between 10% and 14%, compared to the prior year period.

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