trending Market Intelligence /marketintelligence/en/news-insights/trending/_p-AgEqHXm_ghsGnVe5o2g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

2U Inc. Q1 loss narrows YOY

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

2U Inc. Q1 loss narrows YOY

2U Inc. said its normalized net income for the first quarter amounted to a loss of 5 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss narrowed 44.9% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.1 million, compared with a loss of $3.4 million in the prior-year period.

The normalized profit margin climbed to negative 4.5% from negative 9.9% in the year-earlier period.

Total revenue rose 37.1% year over year to $47.4 million from $34.6 million, and total operating expenses rose 27.3% from the prior-year period to $50.9 million from $40.0 million.

Reported net income totaled a loss of $3.4 million, or a loss of 7 cents per share, compared to a loss of $5.5 million, or a loss of 13 cents per share, in the year-earlier period.