Perdoceo Education reports Q3 EPS 65c, one estimate 61c

Reports Q3 revenue $211.9M, one estimate $207M. The company said, “Operating performance across our academic institutions was ahead of our expectations, supported by strong levels of prospective student interest for our programs, and sustained levels of high student retention and engagement,” said Todd Nelson, President and Chief Executive Officer. “We continued to invest in academics, student technology and student support processes that we believe will further enhance academic outcomes and student experiences. Finally, in line with our overall capital allocation strategy, we returned $30.3 million of capital during the quarter in the form of share repurchases and dividend payments, reflecting confidence in our long-term strategy and the strength of the balance sheet.”