2u (TWOU) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 & FY20 Revenue Mid-Point Guidance Above Consensus
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2U, Inc. Reports Results for Fourth Quarter and Full-Year 2019
February 6, 2020 4:01 PM ESTLANHAM, Md., Feb. 6, 2020 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the fourth quarter and full-year ended December 31, 2019.
Results for Fourth Quarter 2019 Compared to Fourth Quarter 2018
Revenue increased 42% to $163.2 million Graduate Program Segment revenue increased 12% to $108.2 million Alternative Credential Segment revenue increased 202% to $54.9 million, including $33.2 million in revenue from Trilogy, acquired in May 2019 Net loss was $44.6 million, or $(0.70) per share, compared to net income of $4.8 million, or $0.08 per share, in the fourth... More