2U Q1 2024 Adj EPS $(0.22) Beats $(0.34) Estimate, Sales $198.377M Beat $196.144M Estimate
Portfolio Pulse from Benzinga Newsdesk
2U Inc. (NASDAQ:TWOU) reported Q1 2024 adjusted EPS of $(0.22), surpassing the $(0.34) estimate, with sales of $198.377M exceeding the $196.144M forecast. However, this represents a 120% increase in losses and a 16.82% decrease in sales compared to the same period last year.
May 02, 2024 | 8:04 pm
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POSITIVE IMPACT
2U Inc. reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS of $(0.22) against a $(0.34) estimate and sales of $198.377M against a $196.144M estimate.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price as it indicates better-than-expected financial health and operational efficiency. Despite the year-over-year increase in losses and decrease in sales, the significant beat on analyst expectations for 2U Inc. could lead to positive investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100