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Perdoceo Education Q3 Adjusted Profit, Revenue Decline; Updates Guidance
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Perdoceo Education Q3 Adjusted Profit, Revenue Decline; Updates Guidance
Nov 13, 2024 11:27 AM

04:38 AM EST, 11/13/2024 (MT Newswires) -- Perdoceo Education ( PRDO ) reported late Tuesday Q3 adjusted earnings of $0.59 per diluted share, down from $0.64 per share a year earlier.

A single analyst polled by Capital IQ expected $0.53 per share.

Revenue for the quarter ended Sept. 30 was $169.8 million, down from $179.9 million a year earlier.

A single analyst polled by Capital IQ expected $164.6 million.

The company expects Q4 adjusted profit of $0.46 to $0.49 per share. A lone analyst polled by Capital IQ is expecting $0.46 per share.

The company now expects 2024 adjusted profit of $2.25 to $2.28 per share, compared with previously issued guidance of $2.13 to $2.25 per share. A lone analyst polled by Capital IQ is expecting $2.19 per share.

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