Welcome to our dedicated page for Perdoceo Education Corporation news (Ticker: PRDO), a resource for investors and traders seeking the latest updates and insights on Perdoceo Education Corporation stock.
Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education programs through accredited institutions that offer fully online, campus-based and hybrid learning options. Its academic institutions – Colorado Technical University (CTU), the American InterContinental University System (AIUS) and the University of St. Augustine for Health Sciences (USAHS) – deliver associate through doctoral degree programs, as well as non-degree and professional development offerings.
This news page brings together coverage of Perdoceo’s announcements as a public company in the educational services sector. Readers can follow updates on quarterly and annual operating results, student enrollment trends across CTU, AIUS and USAHS, and management’s commentary on prospective student interest, student retention and engagement. The company regularly reports on revenue, operating income, adjusted operating income and earnings per diluted share in its press releases and related Form 8-K filings.
In addition to financial results, Perdoceo’s news flow includes information about its capital allocation activities, such as stock repurchase programs and cash dividend declarations, as well as the impact of acquisitions like the University of St. Augustine for Health Sciences on its academic portfolio. Updates may also cover board of directors changes and governance matters, including appointments of new directors with education and policy experience.
Because Perdoceo emphasizes technology-enabled education, news items can highlight developments in personalized learning technologies at CTU and AIUS, including use of the intellipath® learning platform and data analytics to support students. Investors and observers can use this page to monitor how the company’s institutions are performing and how management describes the operating environment, regulatory assumptions and outlook for its postsecondary education programs.
Perdoceo Education Corporation (NASDAQ: PRDO) reported a 9.1% increase in third-quarter 2020 revenue to $169.1 million, driven by both CTU and AIU. Operating income rose to $32.1 million, compared to $24.3 million in Q3 2019. Year-to-date revenue increased 10.0% to $516.2 million, with net income of $97.2 million and earnings per diluted share of $1.36. Student enrollments grew 17.2% year-over-year, with AIU seeing a notable 37.7% increase. The company is optimistic about continuing growth, leveraging data analytics and technology investments.
Perdoceo Education Corporation (NASDAQ: PRDO) announced it will release its third quarter 2020 financial results on November 5, 2020, after market close. A conference call and webcast to discuss the results and outlook will follow at 5:30 p.m. Eastern time. Interested participants can access the details through the company's Investor Relations webpage.
Perdoceo provides innovative online and blended educational programs through its universities, Colorado Technical University and American InterContinental University, tailored to meet the needs of adult learners.