Brief: Strategic Education Q1 Revenue Rose 7.6 Percent To $265.3 Mln

Strategic Education

29/04/2020 12:31

April 29 (Reuters) - Strategic Education Inc  STRA.O :
    * STRATEGIC EDUCATION, INC. REPORTS STRONG FIRST QUARTER
2020
RESULTS; SOLID FINANCIAL FOUNDATION ENTERING THE SECOND QUARTER
    * Q1 REVENUE ROSE 7.6 PERCENT TO $265.3 MILLION
    * STRATEGIC EDUCATION - AT MARCH 31, 2020, STRATEGIC
EDUCATION,
INC. HAD CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES OF
$506.3 MILLION, AND NO DEBT
    * CAPITAL EXPENDITURES FOR 2020 ARE NOW EXPECTED TO BE AT
LOWER
END OF OUR PREVIOUS ESTIMATE OF BETWEEN $40 MILLION AND $45
MILLION
    * QTRLY SHARE $1.60
    * QTRLY ADJUSTED DILUTED EARNINGS PER SHARE OF $2.11
    * Q1 EARNINGS PER SHARE VIEW $1.99 -- REFINITIV IBES DATA
    * Q1 REVENUE VIEW $260.8 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw34b16va 
Further company coverage:  STRA.O 

 ((Reuters.Briefs@thomsonreuters.com;))