Zovio Inc: Top pct loser after cutting 2021 revenue forecast

Zovio

13/05/2021 18:18

** Education tech services company's shares  ZVO.O  plunge
36% to $2.20; Stock top pct loser on Nasdaq and set for biggest
1-day pct decline
    ** ZVO cuts 2021 revenue forecast to $265 mln-$275 mln, from
its previous outlook of $305 mln-$315 mln, after reporting 20%
drop in Q1 revenue to $76.8 mln   urn:newsml:reuters.com:*:nPnb674hDa
    ** More than 2.1 mln shares change hands vs 25 day avg
volume of 249,321 shares
    ** Up to Wednesday's close, stock down 27% YTD

 (Reporting by Ankur Banerjee in Bengaluru)