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Dec 31, 2022
Adtalem Q2 2023 Earnings Report
Adtalem's Q2 2023 financial results were announced, revealing a revenue decrease but improved earnings per share and operating income.
Key Takeaways
Adtalem Global Education reported a decrease in revenue but an increase in diluted earnings per share, adjusted earnings per share, operating income, and net income for Q2 2023. The company reaffirmed its full-year guidance for revenue and adjusted earnings per share.
Revenue decreased by 2.1% year-over-year to $363.3 million.
Diluted earnings per share increased to $0.52, while adjusted earnings per share rose to $1.17.
Operating income increased to $46.0 million, and adjusted operating income reached $79.5 million.
Net income increased to $24.1 million, with adjusted net income at $54.2 million.
Revenue by Segment
Forward Guidance
Adtalem reaffirmed its guidance for fiscal year 2023, expecting revenue to be within the range of $1,380 million and $1,450 million, and adjusted earnings per share to be within the range of $3.95 to $4.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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