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Laureate Education Q4 profit climbs YOY

Laureate Education Inc. said its normalized net income for the fourth quarter came to 36 cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.

EPS rose year over year from 16 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $55.1 million, an increase from $21.6 million in the prior-year period.

The normalized profit margin rose to 4.7% from 1.9% in the year-earlier period.

Total revenue climbed on an annual basis to $1.18 billion from $1.15 billion, and total operating expenses decreased year over year to $981.4 million from $1.01 billion.

Reported net income came to $38.1 million, or 24 cents per share, compared to a loss of $21.3 million, or a loss of 16 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 35 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.62.

EPS was a loss of 86 cents in the prior year.

Normalized net income was $46.6 million, compared with a loss of $113.8 million in the prior year.

Full-year total revenue declined from the prior-year period to $4.24 billion from $4.29 billion, and total operating expenses fell year over year to $3.84 billion from $3.94 billion.

The company said reported net income came to $371.0 million, or $2.76 per share, in the full year, compared with a loss of $324.4 million, or a loss of $2.44 per share, the prior year.