2U Expects Q1 Revenue Of $195M-$198M (Est $228.78M), 2024 Revenue Of $805M-$815M (Est $909.48M)
Portfolio Pulse from Benzinga Newsdesk
2U has provided revenue guidance for Q1 and the full year 2024 that falls below analyst expectations. The company expects Q1 revenue to be between $195M-$198M, significantly lower than the estimated $228.78M. For 2024, 2U anticipates revenues of $805M-$815M, also below the forecasted $909.48M.
February 12, 2024 | 9:05 pm
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2U's revenue guidance for both Q1 and the full year 2024 is significantly below analyst expectations, indicating potential challenges ahead.
The significant shortfall in revenue guidance compared to analyst expectations suggests potential underlying challenges in 2U's operations or market conditions. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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