Tuesday, March 20, 2018

Laureate profit soars on tax benefit, increased enrollment in 4Q

Laureate Education Inc.’s profit soared more than 420 percent in the fourth quarter with a boost from tax reform and fewer expenses related to last year’s initial public offering. The Baltimore-based network of for-profit universities reported earnings of $200.5 million in the fourth quarter, or 48 cents per share, compared to $38.5 million, or 27 cents per share in the year-ago quarter. Revenue in the quarter was $1.26 billion, up 7 percent from $1.16 billion in the prior-year period. Laureate…



from https://www.bizjournals.com/baltimore/news/2018/03/20/laureate-profit-soars-on-tax-benefit-increased.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/172080003692

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