2u (TWOU) Tops Q4 EPS by 1c
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2U, Inc. Reports Fourth-Quarter and Full-Year 2016 Financial Results
February 23, 2017 4:22 PM ESTLANHAM, Md., Feb. 23, 2017 /PRNewswire/ -- 2U, Inc. (NASDAQ: TWOU), today reported financial and operating results for the fourth quarter and full year ended December 31, 2016.Â
Fourth-Quarter 2016 Results
Revenue was $57.4 million, an increase of 33% from $43.3 million in the fourth quarter of 2015. Net loss was $(2.2) million, or $(0.05) per share, compared to $(3.4) million, or $(0.07) per share, in the fourth quarter of 2015. Adjusted net income was $2.0 million, or $0.04 per share, compared to an adjusted net loss of $(0.1) million, or $(0.00) per share, in the fourth quarter of 2015. Adjusted EBITDA was $4.5 million,... More