Laureate Education Reports First Quarter 2019 Financial Results
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Laureate Education (LAUR) Reports Q1 EPS of $0.85, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus
May 9, 2019 7:22 AM EDT*Note: EPS may not be comparable with estimate
Laureate Education (NASDAQ: LAUR) reported Q1 EPS* of $0.85, $1.45 better than the analyst estimate of ($0.60). Revenue for the quarter came in at $621.8 million versus the consensus estimate of $610.55 million.
New enrollments increased 8% on an organic basis.Revenue of $621.8 million was up 4% on an organic constant currency basis1. On a reported basis, revenue decreased (2)% and was affected by the weakening of foreign currencies against the US... More