Perdoceo Education reports Q3 adjusted EPS 59c vs. 64c last year

Reports Q3 revenue $169.8M vs. $179.9M last year. Total student enrollments increased by 11.0% supported by a 13.6% increase at CTU and a 4.0% increase at AIUS. The company said, “Operating performance for the quarter was ahead of our expectations as both academic institutions continued to experience strong student retention and engagement through the quarter. We remain committed to making investments in our student support teams and technology that will further enhance academic outcomes. We are on track to close the acquisition of University of St. Augustine in December and are excited about the opportunity to significantly increase the number of students we serve in the health science field.”