Shares of 2U, Inc. (FRA:2U1), an education technology services provider that enables universities to deliver high-quality online degree programs, detracted from performance. The company reported solid first quarter earnings, but guidance for the second quarter and fiscal year 2019 fell short of investor expectations.
From Ron Baron (Trades, Portfolio)'s Baron Growth Fund second-quarter 2019 shareholder commentary.
This article first appeared on GuruFocus.
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