Laureate Education Inc. took a $120 million loss in the first quarter as revenue decreased and enrollment was affected by flooding in Peru. Baltimore-based Laureate’s loss was 17.6 percent higher than the $102.4 million loss in the first first quarter a year ago. Laureate’s loss per share in the first quarter was $1.05, compared to a loss of 76 per cents a share in the year-ago period. The for-profit education provider had revenue of $855.9 million in the first quarter, a decrease of more than…
from http://www.bizjournals.com/baltimore/news/2017/05/11/laureate-education-takes-120-million-loss-in-first.html?ana=RSS%26s=article_search
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