2U, Inc. Reports Results for Fourth Quarter and Full-Year 2019
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UPDATE: William Blair Upgrades 2U, Inc. (TWOU) to Outperform; 'Turning the Corner'
February 7, 2020 4:15 AM EST(Updated - February 7, 2020 7:33 AM EST)
(updated to add analyst comments)
William Blair analyst Stephen Sheldon upgraded 2U, Inc. (NASDAQ: TWOU) from Market Perform to Outperform.
The analyst commented, "s. We are incrementally encouraged by results and commentary this quarter, including... More
2u (TWOU) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 & FY20 Revenue Mid-Point Guidance Above Consensus
February 6, 2020 4:05 PM EST2u (NASDAQ: TWOU) reported Q4 EPS of ($0.18), in-line with the analyst estimate of ($0.18). Revenue for the quarter came in at $163.2 million versus the consensus estimate of $161.38 million.
Results for Fourth Quarter 2019 Compared to Fourth Quarter 2018
Revenue increased 42% to $163.2 millionGraduate Program Segment revenue increased 12% to $108.2 millionAlternative Credential Segment revenue increased 202% to $54.9 million, including $33.2 million in revenue from Trilogy, acquired in May 2019Net loss was $44.6 million, or $(0.70) per share, compared to net income of $4.8 million, or $0.08 per share, in the fourth quarter of 2018Non-GAAP Results for Fourth Quarter 2019... More
