2u (TWOU) Tops Q3 EPS by 3c; Guides FY16 Above Views
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November 3, 2016 4:42 PM EDT
LANDOVER, Md., Nov. 3, 2016 /PRNewswire/ --Â 2U, Inc. (NASDAQ: TWOU), today reported financial and operating results for the third quarter ended September 30, 2016.Â
Third Quarter 2016 Results
Revenue was $52.0 million, an increase of 40 percent from $37.1 million in the third quarter of 2015.
Net loss was $(6.8) million, or $(0.14) per share, compared to $(8.2) million, or $(0.20) per share, in the third quarter of 2015.
Adjusted net loss was $(2.7) million, or $(0.06) per share, compared to an adjusted net loss of $(4.9) million, or $(0.12) per share, in the third quarter of 2015.
Adjusted EBITDA...
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November 2, 2016 4:05 PM EDT
LANDOVER, Md. and LOS ANGELES, Nov. 2, 2016 /PRNewswire/ -- The University of Southern California's Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation announced today that it is partnering with 2U, Inc. (NASDAQ: TWOU), to offer Design@USC, an online master of science program in integrated design, business and technology. Design@USC will be the first graduate program offered by the Academy, which was founded in 2013 by a $70 million gift to USC from technology entrepreneurs and music industry icons Jimmy Iovine and Andre Young, also known as Dr.... More
