2U: 2Q Earnings Snapshot

LANHAM, Md. (AP) _ 2U Inc. (TWOU) on Thursday reported a loss of $18.3 million in its second quarter.

The Lanham, Maryland-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, came to 19 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The online education services provider posted revenue of $97.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $95.8 million.

For the current quarter ending in October, 2U expects its results to range from a loss of 3 cents per share to a loss of 2 cents per share.

The company said it expects revenue in the range of $106 million to $107 million for the fiscal third quarter.

2U expects full-year results to range from a loss of 10 cents per share to a loss of 8 cents per share, with revenue ranging from $409.7 million to $412.2 million.

2U shares have climbed 24 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $80.21, a climb of 61 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWOU at https://www.zacks.com/ap/TWOU