2u (TWOU) Tops Q4 EPS by 2c, Offers FY and Q1 Outlook
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2U, Inc. Reports Fourth Quarter and Full-Year 2018 Financial Results
February 25, 2019 4:01 PM ESTLANHAM, Md., Feb. 25, 2019 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the fourth quarter and full-year ended December 31, 2018.
Fourth Quarter 2018 Results
Revenue was $115.1 million, an increase of 33% from $86.7 million in the fourth quarter of 2017. Net income was $4.8 million, or $0.08 per share, compared to $0.5 million, or $0.01 per share, in the fourth quarter of 2017. Adjusted net income was $13.7 million, or $0.23 per share, compared to $7.9 million, or $0.14 per share, in the fourth quarter of 2017. Adjusted EBITDA was $20.1 million,... More