12:04 PM EDT, 05/02/2024 (MT Newswires) -- Laureate Education ( LAUR ) shares fell 2.1% in recent Thursday trading after the company posted a Q1 net loss.

The loss of $0.07 per diluted share narrowed from the loss of $0.17 a year earlier, the company said Thursday. A single analyst polled by Capital IQ expected a loss of $0.03.

Revenue in the quarter ended March 31 rose to $275.4 million from $251.3 million a year earlier. A single analyst surveyed by Capital IQ expected $269.3 million.

The company boosted its 2024 revenue guidance to $1.57 billion to $1.58 billion from $1.55 billion to $1.57 billion. Three analysts polled by Capital IQ project $1.57 billion.

Price: 14.28, Change: -0.31, Percent Change: -2.12