Arco Reports Third Quarter 2020 Financial Results

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Go back to Arco Reports Third Quarter 2020 Financial Results

Arco Platform Ltd. (ARCE) Reports Q3 Loss of BRL0.49

November 30, 2020 4:18 PM EST

Arco Platform Ltd. (NASDAQ: ARCE) reported Q3 EPS of (BRL0.49), versus (BRL2.11) reported last year. Revenue for the quarter came in at BRL208.73 million versus the consensus estimate of BRL70.52 million.

Letter from Ari de Sá Cavalcante Neto, Arcos founder and CEO

The year of 2020 has been a testament to the resilience of our business, and we have planted seeds that will help us grow our company for years to come. As technology took a leading role in education overnight, we were able to quickly evolve to better serve existing clients and... More