2u (TWOU) Tops Q2 EPS by 3c, Revenues Beat; Offers FY18 EPS/Revenue Outlook

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2U, Inc. Reports Second Quarter 2018 Financial Results

August 2, 2018 4:01 PM EDT

LANHAM, Md., Aug. 2, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the second quarter ended June 30, 2018.

Second Quarter 2018 Results

Revenue was $97.4 million, an increase of 50% from $65.0 million in the second quarter of 2017. Net loss was $(18.3) million, or $(0.33) per share, compared to $(11.8) million, or $(0.25) per share, in the second quarter of 2017. Adjusted net loss was $(10.3) million, or $(0.19) per share, compared to $(5.2) million, or $(0.11) per share, in the second quarter of 2017.... More