Perdoceo Q3 revenue down 3.2% to $168.4M; adj. EPS $0.39 vs $0.45; full-year guidance raised

PERDOCEO EDUCATION Corp

2022-Q3 EPS reported $1.16 revenue$519,063,000

Revenue $168.4M (-3.2% YoY); CTU -6.9%, AIUS +2.4% (incl. July 2022 acquisition).
GAAP diluted EPS $0.32 vs $0.39; adjusted EPS $0.39 vs $0.45 (down 13.3%).
Total student enrollments fell 2.1%: CTU +2.7%, AIUS -9.5% as of Sept. 30.
Cash & investments $525.2M; full-year operating income now expected to exceed prior outlook.
Year-to-date operating income $107.0M (-6.5%); adjusted operating income $131.5M (-1.5%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PERDOCEO EDUCATION Corp reported the quarter and year to date ended September 30, 2022 results: revenue $519.1 million, EPS $1.16. Guidance raised.

Period: the quarter and year to date ended September 30, 2022
Revenue: $519.1 million
EPS: $1.16
Guidance: raised
Result: reported results

Exact text from the filing

and financial results for the quarter and year to date ended September 30, 2022. Third Quarter 2022 Results as Compared to Prior Year Quarter • Revenue decreased 3.2% to $168.4 million, with a 6.9% decrease at CTU partially offset by a 2.4% increase at AIUS. • Operating income decreased 22.5% to $29.3 million, while adjusted operating income decreased 16.5% to

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PERDOCEO EDUCATION Corp reported the quarter and year to date ended September 30, 2022 results: revenue $519.1 million, EPS $1.16. Guidance raised.

Period: the quarter and year to date ended September 30, 2022
Revenue: $519.1 million
EPS: $1.16
Guidance: raised
Result: reported results

Exact text from the filing

For the year to date ended September 30, 2022, total revenue of $519.1 million decreased 2.6% compared to total revenue of $533.2 million for the prior year to date.

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Source: SEC EDGAR

accession 0000950170-22-022625

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