secwatch.observer — SEC 8-K summary
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Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022625
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/0000950170-22-022625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/prdo-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022625

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer