2u (TWOU) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q & FY19 Revenue Guidance Below Consesus, Affirms 2Q & FY19 EPS Views

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2U, Inc. Reports First Quarter 2019 Financial Results

May 7, 2019 4:01 PM EDT

LANHAM, Md., May 7, 2019 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the first quarter ended March 31, 2019.

First Quarter 2019 Results

Revenue was $122.2 million, an increase of 32% from $92.3 million in the first quarter of 2018. Net loss was $(21.6) million, or $(0.37) per share, compared to $(14.9) million, or $(0.28) per share, in the first quarter of 2018. Adjusted net loss was $(8.6) million, or $(0.15) per share, compared to $(6.1) million, or $(0.12) per share, in the first quarter of 2018. Adjusted EBITDA loss was $(3.2)... More