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Stock impact report

Perdoceo Education Corporation Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Perdoceo Education Corporation (PRDO) 
Last perdoceo education corporation earnings: 2/19 04:14 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Full Year 2023 Results as Compared to Prior Year Revenue increased 2.1% to $710.0 million, supported by an 11.8% increase at CTU. Operating income increased 16.1% to $150.4 million, while adjusted operating income increased 6.7% to $174.9 million.* Earnings per diluted share were $2.18 as compared to $1.39, while adjusted earnings per diluted share were $2.10 as compared to $1.63.* Total student enrollments at December 31, 2023 increased 3.2% at CTU while AIUS decreased 39.3%. Ended the year with $604.2 million in cash, cash equivalents, restricted cash and available-for-sale-short-term investments. Fourth Quarter 2023 Results as Compared to Prior Year Quarter Revenue decreased 16.0% to $147.9 million, primarily driven by the enrollment reduction at AIUS. Operating income decreased 29.7% to $15.9 million, while adjusted operating income decreased 40.2% to $19.4 million.* Earnings per diluted share were $0.26 as compared to $0.23, while adjusted earnings per diluted Show less Read more
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