CHANDLER, Ariz. (AP) _ Zovio Inc (ZVO) on Wednesday reported a third-quarter loss of $7.6 million, after reporting a profit in the same period a year earlier.
The Chandler, Arizona-based company said it had a loss of 25 cents per share. Losses, adjusted for costs related to mergers and acquisitions and restructuring costs, were 5 cents per share.
The for-profit education company posted revenue of $104.3 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $1.55. A year ago, they were trading at $9.46.