Laureate Education Reports First Quarter 2020 Financial Results
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Laureate Education (LAUR) Tops Q1 EPS by 92c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
May 7, 2020 7:30 AM EDTLaureate Education (NASDAQ: LAUR) reported Q1 EPS of $0.47, $0.92 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $589.0 million versus the consensus estimate of $565.28 million.
First Quarter 2020 Highlights (compared to first quarter 2019):
New enrollments decreased 18%, down 6%, adjusted for the timing of semester start dates and excluding the divestiture of UniNorte Brazil in the prior year.Total enrollments decreased 5%, down 2% excluding the divestiture of UniNorte Brazil in the prior year.On a reported basis, revenue decreased 12% to $528.6 million due primarily to the weakening of... More