Adtalem raises fiscal 2024 guidance as Q2 revenue grows 8.4%
Adtalem Global Education (NYSE: ATGE) reported fiscal second-quarter 2024 revenue of $393.2 million, up 8.4%, and diluted EPS of $0.98, versus $0.53 a year earlier, then raised its fiscal 2024 revenue and adjusted EPS guidance. The 8-K was filed by Adtalem, not Covista Inc. (CVSA) as the request stated, and it also discloses a short seller report published January 30, 2024 that the company says hurt its share price.
- Q2 fiscal 2024 revenue $393.2 million, up 8.4%; diluted EPS $0.98 versus $0.53 a year earlier
- Fiscal 2024 revenue guidance raised to $1,520 million to $1,560 million from $1,470 million to $1,530 million
- Fiscal 2024 adjusted EPS guidance raised to $4.55 to $4.75 from $4.25 to $4.45
- New $300 million share repurchase program authorized, running through January 2027