Perdoceo Education reports Q2 adjusted EPS 60c, one estimate 58c

Reports Q2 revenue $166.7M, one estimate $160.91M . The company’s total student enrollments at June 30 increased by 4.2% supported by a 14.7% increase at CTU that was partially offset with an 18.2% decrease at AIUS. The company said, “Our second quarter results exceeded expectations, as both of our academic institutions continued to experience high levels of student retention and engagement. Our year-to-date results and enrollment trends have been supported by various operating process changes and technology upgrades within our onboarding, academic and student support processes. Our faculty and student support staff continue to focus on further enhancing student experiences and academic outcomes and we will continue to make informed investments in technology and student support processes.”