2u (TWOU) Tops Q2 EPS by 3c
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Lord David Willetts Joins 2U as Strategic Advisor
August 4, 2016 4:06 PM EDTLANDOVER, Md., Aug. 4, 2016 /PRNewswire/ -- 2U, Inc. (NASDAQ: TWOU), today announced that Lord David Willetts, the former minister of state of universities and science in the United Kingdom, has joined 2U as a strategic advisor to the CEO. In this role he will provide insights and global perspective to 2U and its leadership as the company works to expand its footprint and impact globally. 2U partners with leading colleges and universities to deliver the world's best online degree programs so students everywhere can reach their full potential. 2U-powered programs have... More
2U, Inc. Reports Second-Quarter 2016 Financial Results
August 4, 2016 4:01 PM EDTLANDOVER, Md., Aug. 4, 2016 /PRNewswire/ --Â 2U, Inc. (NASDAQ: TWOU), today reported financial and operating results for the second quarter ended June 30, 2016.Â
Second-Quarter 2016 Results
Revenue was $49.1 million, an increase of 39 percent from $35.2 million in the second quarter of 2015. Net loss was $(8.3) million, or $(0.18) per share, compared to $(9.6) million, or $(0.23) per share, in the second quarter of 2015. Adjusted net loss was $(4.4) million, or $(0.09) per share, compared to an adjusted net loss of $(5.8) million, or $(0.14) per share, in the second quarter of 2015. Adjusted EBITDA loss... More