Adtalem: Fiscal 2Q Earnings Snapshot
CHICAGO (AP) _ Adtalem Global Education Inc. (ATGE) on Thursday reported fiscal second-quarter net income of $17.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had profit of 29 cents. Earnings, adjusted for one-time gains and costs, were 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The for-profit education company posted revenue of $316.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $318.7 million.
Adtalem shares have climbed roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49, a rise of almost 5 percent in the last 12 months.
By The Associated Press, Copyright 2019