2U shares are trading lower after the company reported mixed Q3 financial results and cut 2023 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
2U Inc. reported mixed Q3 financial results and reduced its 2023 revenue guidance, leading to a decrease in its share price.
November 10, 2023 | 1:42 pm
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2U Inc.'s shares are trading lower due to mixed Q3 results and a reduction in 2023 revenue guidance.
2U Inc. reported mixed Q3 results, which can create uncertainty among investors. Additionally, the company cut its 2023 revenue guidance, which is a negative signal about future performance. Both factors are likely to put downward pressure on the stock price in the short term.
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