Welcome to our dedicated page for Perdoceo Education Corporation news (Ticker: PRDO), a resource for investors and traders seeking the latest updates and insights on Perdoceo Education Corporation stock.
Perdoceo Education Corporation (NASDAQ: PRDO) is a prominent American for-profit education company dedicated to providing quality postsecondary education to a diverse student population. The company offers a variety of learning modalities, including online, campus-based, and hybrid programs. Perdoceo’s core institutions include American InterContinental University (AIU) and Colorado Technical University (CTU). These institutions deliver a comprehensive range of degree programs, from associate to doctoral levels, focusing on career-oriented disciplines such as business, technology, management, and social services.
Perdoceo is an industry leader in the education sector, recognized globally for its commitment to high-quality education. The majority of its students are enrolled in programs offered fully online, making it accessible to a broader demographic. The company takes pride in its ability to equip students with the skills and knowledge necessary to pursue rewarding career opportunities.
One of Perdoceo’s notable strengths is its financial stability, with significant revenue generated primarily from the Colorado Technical University segment. The company continually invests in advanced educational technologies and innovative learning platforms to enhance the student experience and outcomes. Additionally, Perdoceo maintains strategic partnerships with various industries to ensure that its curriculum remains relevant and aligned with current job market demands.
Perdoceo Education Corporation’s website, www.careered.com, provides comprehensive information about its institutions, including detailed listings of individual campus locations and web links to its colleges. Through its steadfast commitment to education, Perdoceo continues to empower students to achieve their educational and professional goals.
Perdoceo Education Corporation (NASDAQ: PRDO) will release its first quarter 2023 financial results after market close on May 4, 2023. A live conference call and webcast discussing the results and 2023 outlook will be held at 5:30 p.m. Eastern Time on the same day. Interested parties can access the webcast through the Investor Relations section of Perdoceo's website or listen via dial-in numbers provided. The company focuses on quality postsecondary education, primarily online, through its institutions, Colorado Technical University and the American InterContinental University System. Perdoceo aims to enhance educational accessibility and workforce readiness through innovative learning technologies.
Perdoceo Education Corporation (NASDAQ: PRDO) reported its full year 2022 financial results, revealing a 0.3% increase in revenue to $695.2 million. Operating income fell by 13.0% to $129.6 million, and earnings per diluted share decreased to $1.39 from $1.55. The fourth quarter saw a 10.2% revenue increase compared to the prior year, totaling $176.1 million. However, total student enrollments declined 3.0%, with a 10.8% drop at AIUS. The company ended the year with $518.2 million in cash and intends to focus on technology investments for operational efficiency in 2023.
Perdoceo Education Corporation (NASDAQ: PRDO) announced it will release its fourth quarter 2022 financial results on February 23, 2023, after market close. A conference call and webcast will follow at 5:30 p.m. Eastern time the same day to discuss the results and provide the company's outlook for 2023. Interested parties can access the live event and archived version through their Investor Relations website. Perdoceo offers accredited postsecondary education primarily online via Colorado Technical University and the American InterContinental University System, focusing on industry-relevant and career-oriented programs.
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