Laureate Education, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 06, 2021 at 05:15 am EDT
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Laureate Education, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 194.701 million compared to USD 192.319 million a year ago. Operating loss was USD 86.391 million compared to USD 77.086 million a year ago. Net loss was USD 164.928 million compared to net income of USD 99.615 million a year ago.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
