MIAMI (AP) — MIAMI (AP) — Laureate Education Inc. (LAUR) on Thursday reported second-quarter profit of $137.1 million.
On a per-share basis, the Miami-based company said it had profit of 98 cents. Earnings, adjusted for non-recurring costs, came to $1 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The for-profit higher education purveyor posted revenue of $615.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $608.1 million.
Laureate Education expects full-year earnings in the range of $2.04 to $2.10 per share, with revenue in the range of $1.92 billion to $1.93 billion.
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