SAN DIEGO (AP) _ Zovio Inc (ZVO) on Wednesday reported a second-quarter loss of $17.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had a loss of 58 cents. Losses, adjusted for one-time gains and costs, came to 15 cents per share.
The for-profit education company posted revenue of $107.5 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $4.03. A year ago, they were trading at $13.21.