2U Reports Results for Third Quarter 2023
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Cantor Fitzgerald cuts 2U (TWOU) to Neutral as tech firm faces debt maturity
November 10, 2023 2:52 PM ESTCantor Fitzgerald downgraded 2U, Inc. (NASDAQ: TWOU) to a Neutral rating (From Overweight) and cut their 12-month price target on the educational tech group to $1.50 (From $5.30) as the company fights to stay afloat.
Heading into 3Q results, shares of TWOU were hovering close to their all-time lowest levels. A recent drop of 44%, from their 2Q to November 8th, was caused by the management's failure to disclose in the previous quarter that the full-year revenue guidance included a substantial one-time payment from university partners terminating specific degree programs.
This... More
2u (TWOU) Misses Q3 EPS by 2c, Offers Guidance
November 9, 2023 4:05 PM EST2u (NASDAQ: TWOU) reported Q3 EPS of ($0.15), $0.02 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $229.7 million versus the consensus estimate of $224.03 million.
GUIDANCE:
2u sees FY2023 revenue of $965-990 million, versus the consensus of $980.5... More
