Perdoceo Q2 revenue $166.7M (-10.6% YoY), operating income $46.0M; dividend raised 18.2% to $0.13

PERDOCEO EDUCATION Corp

2024-Q2 EPS reported $1.16 revenue$335,004,000

Revenue decreased 10.6% to $166.7M; operating income down 4.3% to $46.0M.
Earnings per diluted share $0.57 (prior $0.80); adjusted EPS $0.60 vs $0.61.
Total student enrollments up 4.2% to 39,600; CTU up 14.7% to 29,700, AIUS down 18.2% to 9,900.
Quarterly dividend increased 18.2% to $0.13 per share; declared July 31, 2024.
Cash and short-term investments $675.2M as of June 30, 2024.

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