Adtalem: Fiscal Q4 Earnings Snapshot

August 11, 2022 GMT

CHICAGO (AP) _ Adtalem Global Education Inc. (ATGE) on Thursday reported fiscal fourth-quarter earnings of $8 million.

On a per-share basis, the Chicago-based company said it had net income of 18 cents. Earnings, adjusted for one-time gains and costs, were $1.31 per share.

The for-profit education company posted revenue of $361.2 million in the period.

For the year, the company reported profit of $317.7 million, or $6.57 per share. Revenue was reported as $1.39 billion.

Adtalem expects full-year earnings in the range of $3.95 to $4.20 per share, with revenue in the range of $1.38 billion to $1.45 billion.

Adtalem shares have climbed 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.74, a climb of 1.5% in the last 12 months.


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