BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Thursday reported a loss of $784.4 million in its third quarter.
On a per-share basis, the Baltimore-based company said it had a loss of $3.73. Earnings, adjusted to account for discontinued operations and asset impairment costs, came to 25 cents per share.
The for-profit higher education purveyor posted revenue of $243.5 million in the period.
Laureate Education expects full-year revenue in the range of $1 billion to $1.02 billion.
Laureate Education shares have fallen 26% since the beginning of the year. The stock has dropped 18% in the last 12 months.
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