2u (TWOU) Tops Q3 EPS by 2c, Slight Beat on Revenues; Offers FY18 EPS/Revenue Guidance
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2U, Inc. Reports Third Quarter 2018 Financial Results
November 5, 2018 4:01 PM ESTLANHAM, Md., Nov. 5, 2018 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the third quarter ended September 30, 2018.
Third Quarter 2018 Results
Revenue was $107.0 million, an increase of 52% from $70.3 million in the third quarter of 2017. Net loss was $(9.9) million, or $(0.17) per share, compared to $(14.7) million, or $(0.30) per share, in the third quarter of 2017. Adjusted net loss was $(0.7) million, or $(0.01) per share, compared to $(7.4) million, or $(0.15) per share, in the third quarter of 2017. Adjusted... More