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Sep 30, 2020
Strategic Education Q3 2020 Earnings Report
Revenue and net income decreased due to the impact of the COVID-19 pandemic and restructuring activities.
Key Takeaways
Strategic Education reported a decrease in revenue by 1.1% to $239.0 million and a decrease in net income to $11.0 million for the third quarter of 2020, compared to $241.7 million and $16.7 million, respectively, for the same period in 2019. The company's results were impacted by the COVID-19 pandemic and restructuring activities.
Strategic Education's acquisition of Laureate's Australia/New Zealand institutions closed on November 3, 2020.
Revenue decreased 1.1% to $239.0 million compared to the same period in 2019.
Net income was $11.0 million compared to $16.7 million for the same period in 2019.
Student enrollment at Capella University increased 4%.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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