10:37 AM EDT, 08/01/2024 (MT Newswires) -- Laureate Education ( LAUR ) shares were up 0.7% in recent Thursday trading after the company posted an increase in Q2 earnings.

The company reported Q2 earnings of $0.83 per diluted share, up from $0.35 a year earlier. Analysts polled by Capital IQ expected $0.63.

Revenue in the quarter ended June 30 rose to $499.2 million from $462.1 million a year earlier. Analysts surveyed by Capital IQ expected $483.7 million.

The company reduced its 2024 revenue guidance between $1.55 billion and $1.57 billion from $1.57 billion to $1.58 billion. Analysts polled by Capital IQ expect $1.56 billion.

Price: 15.62, Change: +0.12, Percent Change: +0.74