Perdoceo Education Corporation - PRDO STOCK NEWS

Perdoceo Education Corporation (NASDAQ: PRDO) reported Q2 2023 revenue of $186.6 million, a 11.3% increase YoY. Operating income increased 41.7% to $48.1 million. The company declared an inaugural dividend of $0.11 per share payable on September 15, 2023.

Perdoceo Education Corporation (NASDAQ: PRDO) reported operating and financial results for Q1 2023. Revenue increased 6.9% to $195.6 million, with a 10.0% increase at CTU and a 1.9% increase at AIUS. Operating income decreased 0.8% to $43.3 million, while adjusted operating income increased 4.3% to $53.1 million. Earnings per diluted share was $0.50, while adjusted earnings per diluted share was $0.58. Total student enrollments increased by 0.8%. Ended the quarter with $520.3 million in cash, cash equivalents, restricted cash, and available-for-sale-short-term investments.

Perdoceo Education Corporation (NASDAQ: PRDO) will release its first quarter 2023 financial results after market close on May 4, 2023. A live conference call and webcast discussing the results and 2023 outlook will be held at 5:30 p.m. Eastern Time on the same day. Interested parties can access the webcast through the Investor Relations section of Perdoceo's website or listen via dial-in numbers provided. The company focuses on quality postsecondary education, primarily online, through its institutions, Colorado Technical University and the American InterContinental University System. Perdoceo aims to enhance educational accessibility and workforce readiness through innovative learning technologies.

Perdoceo Education Corporation (NASDAQ: PRDO) reported its full year 2022 financial results, revealing a 0.3% increase in revenue to $695.2 million. Operating income fell by 13.0% to $129.6 million, and earnings per diluted share decreased to $1.39 from $1.55. The fourth quarter saw a 10.2% revenue increase compared to the prior year, totaling $176.1 million. However, total student enrollments declined 3.0%, with a 10.8% drop at AIUS. The company ended the year with $518.2 million in cash and intends to focus on technology investments for operational efficiency in 2023.

Perdoceo Education Corporation (NASDAQ: PRDO) announced it will release its fourth quarter 2022 financial results on February 23, 2023, after market close. A conference call and webcast will follow at 5:30 p.m. Eastern time the same day to discuss the results and provide the company's outlook for 2023. Interested parties can access the live event and archived version through their Investor Relations website. Perdoceo offers accredited postsecondary education primarily online via Colorado Technical University and the American InterContinental University System, focusing on industry-relevant and career-oriented programs.

Perdoceo Education Corporation (PRDO) announced its operating and financial results for Q3 2022, reporting a 3.2% decline in revenue to $168.4 million and a 22.5% drop in operating income to $29.3 million. Year-to-date revenue also fell 2.6% to $519.1 million. Total student enrollments decreased by 2.1%, with CTU increasing by 2.7% while AIUS saw a significant 9.5% decline. The company ended Q3 with $525.2 million in cash and raised its full-year operating income outlook, anticipating improved student retention.

Perdoceo Education Corporation (NASDAQ: PRDO) will announce its third quarter 2022 financial results after market close on November 7, 2022. A conference call and webcast discussing these results, along with the company's 2022 outlook, will take place at 5:30 p.m. Eastern time on the same day. Interested parties can access the live webcast through the Investor Relations section of their website or by dialing in at the provided phone numbers. The archived version of the webcast will be available for 90 days after the call.

Perdoceo Education Corporation (NASDAQ: PRDO) reported Q2 2022 results with a 4.5% revenue decline to $167.7 million compared to the previous year. Operating income decreased by 5.6% to $33.9 million. The company’s total student enrollments fell by 7.0%, driven by a notable 14.5% drop at AIUS. Despite the challenges, adjusted earnings per diluted share improved to $0.42 from $0.41. Year-to-date revenue decreased 2.4%, yet net income rose slightly to $57.8 million. The company ended the quarter with $516.8 million in cash and equivalents.