American Public Education: Q2 Earnings Snapshot

CHARLES TOWN, W.Va. (AP) _ American Public Education Inc. (APEI) on Tuesday reported a second-quarter loss of $110 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Charles Town, West Virginia-based company said it had a loss of $5.82. Losses, adjusted for non-recurring costs, came to 6 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The for-profit education company posted revenue of $149.6 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $152.1 million.

For the current quarter ending in October, American Public Education expects its results to range from a loss of 31 cents per share to a loss of 24 cents per share.

The company said it expects revenue in the range of $145.1 million to $148.1 million for the fiscal third quarter.

American Public Education shares have dropped 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.66, a drop of 46% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APEI at https://www.zacks.com/ap/APEI