Perdoceo Education (NASDAQ:PRDO) reported its Q2 earnings results on Monday, August 8, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Perdoceo Education beat estimated earnings by 13.51%, reporting an EPS of $0.42 versus an estimate of $0.37.

Revenue was down $7.86 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 3.07% drop in the share price the next day.

Here's a look at Perdoceo Education's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Perdoceo Education management provided guidance for FY 2022, expecting earnings between $1.41 and $1.48 per share.

To track all earnings releases for Perdoceo Education visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.