2U, Inc. (NASDAQ:TWOU) Q1 2024 Earnings Call Transcript
2U, Inc. misses on earnings expectations. Reported EPS is $-0.65489 EPS, expectations were $-0.34.
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2U, Inc. misses on earnings expectations. Reported EPS is $-0.65489 EPS, expectations were $-0.34.
Shares of online education platform, 2U (NASDAQ:TWOU) fell 42.8% in the morning session after the company reported fourth-quarter results with revenue falling below analysts' expectations, driven by poor performance in its Degree Program and Alternative Credentials segments. Notably, the company called out "lower enrollments in coding boot camp offerings." Looking ahead, its full-year 2024 revenue and EBITDA guidance were below expectations, suggesting a slowdown in demand. In light of the recen
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Needham analyst Ryan MacDonald reiterated a Buy rating on 2U, Inc. (NASDAQ: TWOU),