BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Thursday reported a first-quarter loss of $164.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Baltimore-based company said it had a loss of 82 cents.
The for-profit higher education purveyor posted revenue of $194.7 million in the period.
Laureate Education expects full-year revenue in the range of $1 billion to $1.04 billion.
Laureate Education shares have decreased 8% since the beginning of the year. The stock has risen 39% in the last 12 months.
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