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Stock impact report

Laureate Education Reports Financial Results for the First Quarter of 2024 [Yahoo! Finance]

Laureate Education, Inc. (LAUR) 
Last laureate education, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.laureate.net
Company Research Source: Yahoo! Finance
five higher education institutions across Mexico and Peru, today announced financial results for the first quarter of 2024. First Quarter 2024 Highlights (compared to first quarter 2023 New enrollments increased 1%. Total enrollments increased 5%. On a reported basis, revenue increased 10% to $275.4 million. On an organic constant currency basis , revenue increased 1% and was unfavorably affected by intra-year timing of semester start dates for certain programs as compared to the prior-year period. Operating income for the first quarter of 2024 was $11.1 million, compared to operating income of $15.6 million for the first quarter of 2023. Net loss for the first quarter of 2024 was $(10.8) million, compared to net loss of $(26.8) million for the first quarter of 2023. Adjusted EBITDA for the first quarter of 2024 was $30.6 million, compared to Adjusted EBITDA of $33.5 million for the first quarter of 2023. Adjusted EBITDA in the first quarter of 2024 was unfavorably affec Show less Read more
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