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Why 2U Stock Plunged 43% This Week

·2 min read
Why 2U Stock Plunged 43% This Week
In this article:
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Investors did not like that the company's management expects widening losses for fiscal 2022, nor the fact that a handful of analysts downgraded the stock this week. The company's loss of $0.20 per share was also better than analysts' consensus estimate for a loss of $0.25 per share. The company's guidance for 2022 revenue in the range of $1.05 billion to $1.09 billion was also below analysts' consensus estimate of $1.11 billion.