2u (TWOU) Tops Q3 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus
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2U, Inc. Reports Results for Third Quarter 2020
October 27, 2020 4:01 PM EDTLANHAM, Md., Oct. 27, 2020 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the third quarter ended September 30, 2020.
Results for Third Quarter 2020 Compared to Third Quarter 2019
Revenue increased 31% to $201.1 million Graduate Program Segment revenue increased 18% to $122.0 million Alternative Credential Segment revenue increased 57% to $79.1 million Net loss decreased $88.6 million to $52.6 million, or $0.77 per share Total cash balance increased to $499.6 millionNon-GAAP Results for Third Quarter 2020 Compared to Third Quarter... More
