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Stock impact report

Phoenix Education Partners Q2 Earnings Call Highlights [Yahoo! Finance]

Phoenix Education Partners, Inc. (PXED) 
Company Research Source: Yahoo! Finance
enrollment growth, slightly lower revenue, and improved profitability, as executives pointed to stronger student retention, ongoing expansion in employer-affiliated enrollment, and cost discipline. Management also discussed recent disruptions in the company's marketing funnel tied to changes in Google's AI-driven search experience, and said early third-quarter trends have improved following adjustments. Quarterly results: enrollment up, revenue slightly down, profitability improved Chief Financial Officer Blair Westblom said second-quarter net revenue was $222.5 million, down 0.4% from $223.4 million a year earlier, which he attributed to “the impact of discounts.” Average total degreed enrollment rose 1.8% to about 82,600 students, compared with 81,100 in the prior-year period, “driven by strong retention trends.” ? 3 Utility Stocks With Strong Dividends and Room to Run Higher Net income attributable to Phoenix Education Partners declined to $10.8 million, or $0.28 per dilute Show less Read more
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