Laureate Education reports Q2 EPS 83c vs 35c last year

Reports Q2 revenue $499.2M vs $462.1M last year. Eilif Serck-Hanssen, President and Chief Executive Officer, said, “We are pleased with our solid operating results for the second quarter. Market dynamics remain favorable for the private sector in both our geographies. We continue to deliver strong growth in Mexico, while muted growth in Peru over the past 12 months is expected to pivot to a recovery in the second half of this year. In addition, our strong balance sheet and significant cash flow generation allow for a continued emphasis on returning capital to shareholders.”