Laureate Education, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 07:32 am EDT
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Laureate Education, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 385.4 million compared to USD 327.6 million a year ago. Net income was USD 43.4 million compared to net loss of USD 29 million a year ago. Basic earnings per share was USD 0.26 compared to basic loss per share of USD 0.15 a year ago. Diluted earnings per share was USD 0.25 compared to diluted loss per share of USD 0.15 a year ago.
For the six months, sales was USD 594.9 million compared to USD 522.3 million a year ago. Net loss was USD 0.8 million compared to USD 193.9 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. 
