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2U: 2Q Earnings Snapshot

July 30, 2019

LANHAM, Md. (AP) _ 2U Inc. (TWOU) on Tuesday reported a loss of $28 million in its second quarter.

On a per-share basis, the Lanham, Maryland-based company said it had a loss of 46 cents. Losses, adjusted for one-time gains and costs, were 43 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The online education services provider posted revenue of $135.5 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $124.8 million.

For the current quarter ending in October, 2U expects its results to range from a loss of 53 cents per share to a loss of 49 cents per share.

The company said it expects revenue in the range of $147.6 million to $152.6 million for the fiscal third quarter.

2U expects full-year results to range from a loss of $1.25 per share to a loss of $1.16 per share, with revenue ranging from $565.7 million to $575.7 million.

2U shares have declined 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.50, a drop of 52% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWOU at https://www.zacks.com/ap/TWOU

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