Perdoceo Education Corp. (PRDO) Tops Q1 EPS by 2c

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Go back to Perdoceo Education Corp. (PRDO) Tops Q1 EPS by 2c

Perdoceo Education Corporation Announces First Quarter 2023 Results

May 4, 2023 4:15 PM EDT

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Perdoceo Education Corporation (NASDAQ: PRDO) today reported operating and financial results for the quarter ended March 31, 2023.

First Quarter 2023 Results as Compared to Prior Year Quarter

Revenue increased 6.9% to $195.6 million, with a 10.0% increase at CTU and a 1.9% increase at AIUS. Operating income decreased 0.8% to $43.3 million, while adjusted operating income increased 4.3% to $53.1 million.* Earnings per diluted share was $0.50 as compared to $0.46, while adjusted earnings per diluted share was $0.58 as compared to $0.50.* Total student enrollments at March 31, 2023 increased... More