2u (TWOU) Tops Q1 EPS by 4c
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2U, Inc. Reports First Quarter 2016 Financial Results
May 5, 2016 4:07 PM EDTLANDOVER, Md., May 5, 2016 /PRNewswire/ -- 2U, Inc. (NASDAQ: TWOU), today reported financial and operating results for the first quarter ended March 31, 2016. 2U is a leading provider of cloud-based software-as-a-service technology fused with technology-enabled services that enables leading nonprofit colleges and universities to deliver their high-quality degree programs online.
First Quarter 2016 Results
Revenue was $47.4 million, an increase of 37 percent from $34.6 million in the first quarter of 2015. Net loss was $(3.4) million, or $(0.07) per share, compared to $(5.5) million, or $(0.13) per share, in the first quarter of 2015.... More