Zovio Inc: Jumps on profit beat as e-learning subscribers grow

Zovio

03/08/2020 17:34

** Shares of education technology services company  ZVO.O 
rise 26% to $4.97 in afternoon trade
    ** Co posts Q2 profit vs year-ago loss; beats EPS estimates
as online tutoring service TutorMe saw triple-digit jump in
consumer and partnership usage vs a year earlier
    ** We also saw tremendous progress with our growing platform
of innovative software and services to support learners - CEO
Andrew Clark
    ** Co says active subscribers at co's e-learning platform
Learn@Forbes "substantially increased"
    ** Posts quarterly adj. EPS of 24 cents vs consensus view of
11 cents - Refinitv data 
    ** As of June 30, ZVO had cash and cash equivalents of
$75.1 mln 
    ** Stock has risen 91.2% this year

 (Reporting by Sanjana Shivdas in Bengaluru)
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