2U Q3 Adj EPS $(0.15) Misses $(0.13) Estimate, Sales $229.70M Beat $224.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
2U (NASDAQ:TWOU) reported Q3 adjusted losses of $(0.15) per share, missing the analyst consensus estimate of $(0.13) by 15.38 percent. This is a 200 percent increase in losses from the same period last year. However, the company's quarterly sales of $229.70 million beat the analyst consensus estimate of $224.03 million by 2.53 percent, despite a 1.09 percent decrease from last year.
November 09, 2023 | 9:03 pm
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NEGATIVE IMPACT
2U's Q3 earnings missed estimates with a 200% increase in losses from last year, but sales beat estimates despite a slight decrease from last year.
2U's Q3 earnings report shows a significant increase in losses, which missed analyst estimates. This negative financial performance could lead to a decrease in the company's stock price in the short term. However, the company's sales beat estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100