2U Inc (TWOU) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.12. The company posted revenue of $49.10 million in the period, compared to analysts expectations of $48.55 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Many Wall Street Analysts have commented on 2U Inc. Needham Initiated 2U Inc on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $40.
2U Inc closed down -0.32 points or -0.92% at $34.6 with 3,30,377 shares getting traded on Tusday. Post opening the session at $34.98, the shares hit an intraday low of $34.104 and an intraday high of $35 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 13, 2016, Mark Chernis (director) sold 4,500 shares at $29.35 per share price. According to the SEC, on Jun 2, 2016, Edward S. Macias (director) purchased 893 shares at $27.90 per share price. On May 18, 2016, John M Larson (director) sold 16,666 shares at $27.24 per share price, according to the Form-4 filing with the securities and exchange commission.
2U Inc. is a provider of an integrated solution comprised of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.