American Public Education Reports Q3 Earnings Beat on Revenue and EPS
American Public Education (APEI) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of $0.32, surpassing estimates by $0.07, while total revenue reached $169.1 million, representing a 3.6% increase year-over-year and beating projections by $3.34 million. Despite the top and bottom-line beats, cash flows from operations saw a decline to $11.8 million from $21.7 million in the prior year period. Management attributed this decrease to what they characterized as a temporary implementation matter rather than a fundamental shift in business performance.
Tickers: $APEI
Topics: cash flow earnings beat revenue growth