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Dec 31, 2020
Adtalem Q2 2021 Earnings Report
Adtalem's Q2 2021 results reflected revenue growth and increased earnings, driven by the Medical and Healthcare segment and the Financial Services segment.
Key Takeaways
Adtalem Global Education reported a 6.4% increase in revenue to $283.1 million and diluted earnings per share of $0.44 for the second quarter of fiscal year 2021. The Medical and Healthcare segment showed strong performance, with Chamberlain University experiencing double-digit enrollment growth. The Financial Services segment also contributed to the positive results, with revenue increasing by 6%.
Revenue increased by 6.4% to $283.1 million.
Diluted earnings per share was $0.44, compared to $0.10 in the prior year.
Medical and Healthcare segment revenue increased by 6.5% to $234.4 million.
Financial Services segment revenue increased by 5.9% to $48.7 million.
Adtalem
Adtalem
Forward Guidance
Adtalem expects revenue growth of 5 to 7% and diluted earnings per share growth from continuing operations, excluding special items, of 28 to 32% for the full fiscal year 2021.