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Stock impact report

Perdoceo Education Corp (PRDO) Q3 2024 Earnings Call Highlights: Surpassing Expectations with ... [Yahoo! Finance]

Perdoceo Education Corporation (PRDO) 
Last perdoceo education corporation earnings: 2/19 04:14 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Perdoceo Education Corp ( NASDAQ:PRDO ) reported third-quarter net income of $38.3 million, exceeding expectations. Total student enrollment at CTU increased by 13.6%, driven by growth in corporate engagement programs. The acquisition of the University of St. Augustine is expected to be accretive to adjusted operating income beginning in 2025. The company experienced strong levels of student retention and engagement, contributing to positive financial performance. Perdoceo Education Corp ( NASDAQ:PRDO ) has a strong cash position, with $722.6 million in cash and equivalents, reflecting an increase of $118.4 million since the end of last year. Third-quarter revenue decreased by 5.6% to $169.8 million, primarily due to changes in professional development offerings and academic calendar comparability. AIU System's third-quarter revenue was 9% lower than the prior year, impacted by operational changes made last year. Full-year revenue at CTU is expected to be lower than 202 Show less Read more
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