Aspen Group jumps on surge in revenue and student enrollments

Aspen

09/09/2019 22:13

** Education services provider's shares  ASPU.O  up ~13% at
$5.7 in after-hours trade
    ** Stock set to open at over a 5-month high on Tuesday, if
gains hold
    ** Posts 43% surge in rev. to $10.4 mln; net loss narrowed
to $2.1 mln from $2.8 mln
    ** Aspen University (AU) new student enrollments jumped to
1,415, up 29% from a year earlier
    ** United States University (USU) new student enrollments
more than doubled to 514, up 133% from a year earlier
    ** Average revenue per enrollment (ARPU) rose 24% to $13,919
    ** Up to Monday's close, stock down 13.5% this year

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))