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BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Thursday reported first-quarter earnings of $191.2 million.
On a per-share basis, the Baltimore-based company said it had profit of 85 cents. Losses, adjusted to account for discontinued operations, were 51 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The for-profit higher education purveyor posted revenue of $621.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $612.1 million.
Laureate Education expects full-year revenue in the range of $3.33 billion to $3.37 billion.
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Laureate Education shares have increased slightly more than 2% since the beginning of the year. The stock has risen roughly 9% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAUR at https://www.zacks.com/ap/LAUR
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