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home / news releases / ZVO - Zovio slumps after divestment plans earnings disappoint market

ZVO - Zovio slumps after divestment plans earnings disappoint market

Zovio Inc.
  • Zovio ( NASDAQ: ZVO ) fell 17% Monday after the company's revenue declined 26% Y/Y to $51.4M for the second quarter.
  • The earnings report came in with company's plan to divest its online program management business to the University of Arizona Global Campus.
  • Operating loss for the quarter was $0.8M, vs. operating loss of $4.5M reported a year-ago.
  • Non-GAAP EPS was -$0.36, compared with -$0.02 net loss per share in Q2 2021.

For further details see:

Zovio slumps after divestment plans, earnings disappoint market
Stock Information
Company Name: Zovio Inc.
Stock Symbol: ZVO
Market: NASDAQ
Website: zovio.careers
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