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Adtalem reports 2Q loss

DOWNERS GROVE, Ill. (AP) _ Adtalem Global Education Inc. (ATGE) on Tuesday reported a fiscal second-quarter loss of $81.2 million, after reporting a profit in the same period a year earlier.

The Downers Grove, Illinois-based company said it had a loss of $1.33 per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The for-profit education company posted revenue of $337.2 million in the period.

Adtalem shares have increased roughly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44, an increase of 33 percent in the last 12 months.


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