Adtalem Global Education (ATGE) Tops Q2 EPS by 2c

Adtalem Global Education (NYSE: ATGE) reported Q2 EPS of $0.57, $0.02 better than the analyst estimate of $0.55. Revenue for the quarter came in at $266.2 million versus the consensus estimate of $263.7 million.

Fiscal Year 2020

The outlook for the full year 2020 remains unchanged from our guidance issued in the first quarter earnings press release. • Revenue is expected to grow 5% to 7% compared with the prior year • Effective income tax rate is expected to be in the 19% to 20% range • Earnings per share from continuing operations, excluding special items, are expected to grow in the 7 to 9% range compared with the prior year • Full-year capital spending is expected to be in the $45 million to $50 million range

For earnings history and earnings-related data on Adtalem Global Education (ATGE) click here.

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