Laureate Education, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 11:15 am
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Laureate Education, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 361.53 million compared to USD 301 million a year ago. Net income was USD 36.16 million compared to USD 31.12 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago. Basic earnings per share was USD 0.23 compared to USD 0.19 a year ago. Diluted earnings per share was USD 0.23 compared to USD 0.19 a year ago.
For the nine months, sales was USD 1,074.86 million compared to USD 895.94 million a year ago. Net income was USD 65.73 million compared to USD 30.33 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.15 a year ago. Basic earnings per share was USD 0.42 compared to USD 0.17 a year ago. Diluted earnings per share was USD 0.42 compared to USD 0.17 a year ago.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
