American Public Education shares get top marks after results

American Public Education

13/11/2019 19:03

** Shares in American Public Education Inc  APEI.O  soared on
Wednesday after the private postsecondary education provider
forecast Q4 profit late on Tuesday, outweighing Q3 loss on
declining revenue
    ** APEI shares were last up 15.9% at $27.63, on track for
biggest one-day pct gain since March 2018. Trading volume 1.8
times 10-DMA
    ** APEI posted Q3 net loss of $0.10/shr, vs reported EPS of
$0.33 in year-ago qtr. Adjusted profit was $0.11/shr or $1.8 mln
excluding items such as $2.8 mln for post-employment benefits
payable to the president of its American Public University
System (APUS) subsidiary on retirement
    ** Q3 revenue fell 7% yr/yr to $67.9 mln. Net course
registrations and net course registrations by new students at
APUS decreased by approximately 5% yr/yr  urn:newsml:reuters.com:*:nPnCGCyLa
    ** For Q4, co estimates EPS of $0.35-$0.40 and 3%-7% yr/yr
decline in rev
    

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Messaging: sinead.carew.thomsonreuters.com@reuters.net))