American Public Education Reports Fourth Quarter and Full Year 2019 Results
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American Public Education (APEI) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 EPS Guidance Below Consensus
March 10, 2020 4:14 PM EDTAmerican Public Education (NASDAQ: APEI) reported Q4 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $74.4 million versus the consensus estimate of $73.79 million.
Fourth Quarter Highlights:
Consolidated revenue decreased 3% year-over-year to $74.4 million.Net income was $5.7 million, or $0.37 per diluted share, compared to net income of $9.1 million, or $0.55 per diluted share, in the fourth quarter of 2018.Net course registrations and net course registrations by new students at APUS increased by approximately 1% year-over-year.1APUS student enrollment decreased 1% to 81,000 students, compared to the... More