Laureate Education Reports Third Quarter and Nine Months Ended September 30, 2017 Financial Results
Laureate Education, Inc. (LAUR)
Last laureate education, inc. earnings: 2/27 07:00 am
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Source: GlobeNewswire
BALTIMORE, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), the global leader in higher education, today announced financial results for the third quarter and the nine months ended September 30, 2017. Third Quarter 2017 Highlights (compared to third quarter 2016): Revenue increased 6% to $983.4 million; up 4% on an organic constant currency basis.Operating (loss) income decreased by $18.2 million to an operating loss of $(5.7) million in the 2017 fiscal quarter from operating income of $12.5 million in the 2016 fiscal quarter, due in part to the impact from the earthquake in Mexico which resulted in the deferral of approximately $11.7 million of revenue (due to class disruptions) from the third to fourth quarter as well as approximately $2.7 million of operating expenses incurred related to repairs. Results for the quarter were also affected by seasonality and timing of expenses.Net (loss) income for the quarter was $(103.5) million, as compared to net inc
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- 4/19/24 - Form DEF
- LAUR's page on the SEC website