2U, Inc. (NASDAQ:TWOU) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.25 per share.
Looking ahead, the full year loss are expected at $ 0.99 per share on the revenues of $ 743.47 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 725.00 million ~ $ 750.00 million, where as bottomline are predicted in a range of $ -1.40 ~ $ -1.09 per share
Click Here For More Historical Outlooks Of 2U, Inc.
Previous Quarter Performance
2U, Inc. recorded loss for the second quarter of $ 0.34 per share, from the revenue of $ 182.69 million. The quarterly revenues improved 34.87 percent compared with the same quarter last year. According to street consensus, TWOU was expected to report 2Q20 loss of $ 0.39 per share from revenue of $ 174.56 million. The bottom line results beat street analysts by $ 0.05 or 12.82 percent, at the same time, top line results outshined analysts by $ 8.13 million or 4.66 percent.
Stock Performance
Shares of 2U, Inc. traded up $ 2.32 or 6.57 percent on Friday, reaching $ 37.62 with volume of 1.14 million shares. 2U, Inc. has traded high as $ 37.64 and has cracked $ 34.75 on the downward trend
According to the previous trading day, closing price of $ 37.62, representing a 206.69 % increase from the 52 week low of $ 11.51 and a 28.63 % decrease over the 52 week high of $ 49.46.
The company has a market capital of $ 2.68 billion and is part of the Technology sector and Application Software industry.
Conference Call
2U, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website 2u.com
2U, Inc. operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. It operates in two segments, Graduate Program Segment and Short Course Segment.
