2U Reports Results for First Quarter 2021
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2u (TWOU) Tops Q1 EPS by 11c, Revenues Beat; Offers FY21 Revenue Outlook
April 28, 2021 4:30 PM EDT2u (NASDAQ: TWOU) reported Q1 EPS of ($0.12), $0.11 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $232.5 million versus the consensus estimate of $219.49 million.
Results for First Quarter 2021 Compared to First Quarter 2020
Revenue increased 32% to $232.5 millionDegree Program Segment revenue increased 23% to $145.9 millionAlternative Credential Segment revenue increased 52% to $86.6 millionNet loss improved $14.5 million to $45.6 million, or $0.62 per... More