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Laureate Education tops Street 4Q forecasts

BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Tuesday reported fourth-quarter net income of $41.3 million.

On a per-share basis, the Baltimore-based company said it had net income of 27 cents. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The for-profit higher education purveyor posted revenue of $1.18 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.16 billion.

For the year, the company reported profit of $371.8 million, or $2.76 per share. Revenue was reported as $4.24 billion.

Laureate Education expects full-year revenue in the range of $4.29 billion to $4.35 billion.

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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 LAUR at https://www.zacks.com/ap/LAUR

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Keywords: Laureate Education, Earnings Report