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Mar 31, 2023
Adtalem Q3 2023 Earnings Report
Adtalem's Q3 2023 results were announced, showcasing revenue increase and strategic transformation momentum.
Key Takeaways
Adtalem Global Education reported a 1.3% increase in revenue to $369.1 million for the third quarter of fiscal year 2023. Diluted earnings per share were $1.00, while adjusted earnings per share increased by 34.5% to $1.13. The company narrowed its full-year guidance for revenue to $1,400 million to $1,450 million and adjusted earnings per share to $4.05 to $4.20.
Revenue increased by 1.3% year-over-year, reaching $369.1 million.
Total student enrollment decreased by 3.1% year-over-year to 79,586, showing a quarterly sequential improvement.
Diluted earnings per share were $1.00, while adjusted earnings per share rose by 34.5% to $1.13.
Chamberlain University experienced strong demand in pre-licensure BSN and post-licensure MSN programs.
Revenue by Segment
Forward Guidance
Adtalem narrowed its guidance for fiscal year 2023 revenue to a range of $1,400 million to $1,450 million from a range of $1,380 million to $1,450 million, and adjusted earnings per share to a range of $4.05 to $4.20 from a 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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