Adtalem: Fiscal 1Q Earnings Snapshot

CHICAGO (AP) _ Adtalem Global Education Inc. (ATGE) on Thursday reported a fiscal first-quarter loss of $9.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, were 45 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The for-profit education company posted revenue of $284.2 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $296.1 million.

Adtalem shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $50.01, a rise of 36 percent 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 ATGE at https://www.zacks.com/ap/ATGE