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      Here is why Laureate Education Inc. (LAUR) stock popup in the after-hours on Wednesday? - Stocks Telegraph

      By Asim Kamal

      Published on

      September 16, 2021

      7:02 AM UTC

      Here is why Laureate Education Inc. (LAUR) stock popup in the after-hours on Wednesday? - Stocks Telegraph

      Laureate Education Inc. (LAUR) shares surged 10.61% in after-hours on Wednesday, September 15, 2021, and closed the daily trading at $18.76. in the regular trading session, LAUR’s stock remained unchanged at $16. 96. LAUR shares have risen 34.39% over the last 12 months, and they have moved up 4.31% in the past week. Over the past three months, the stock has gained 10.27%, while over the past six months, it has soared 19.61%.

      Let’s have a brief look at its recent news and developments.

      LAUR Cash Distribution

      On September 15, 2021, the board of directors of Laureate Education, Inc. (LAUR) approved a plan of partial liquidation in connection with the previously disclosed sale of Walden e-Learning LLC. According to the Plan, the gross proceeds from the sale will be distributed to the Company’s stockholders before the end of the calendar year 2022. Notwithstanding the adoption of the Plan, the Company expects to continue operating as a going concern and a publicly-traded company.

      LAUR closed Walden University sale

      On August 12, 2021, Laureate Education, Inc. (LAUR) closed the previously announced sale of Walden University to Adtalem Global Education Inc. (ATGE).

      Walden University is a regionally accredited higher education institution in the United States offering online doctoral, master’s, bachelor’s, and graduate certificate programs.

      LAUR recent financial results announcement

      On August 05, 2021, Laureate Education, Inc. (LAUR) announced its financial results for the second quarter and six months ended June 30, 2021.

      Q2 2021 financial highlights

      • LAUR reported total revenue of $327.6 million in Q2 2021 compared to $303.9 million in Q2 2020.
      • Its operating income was $57.7 million in Q2 2021 compared to $29.1 million for the second quarter of 2020.
      • It suffered a net loss of $29.2 million in Q2 2021 compared to a net loss of $311.6 million in Q2 2020.
      • Adjusted EBITDA was $107.1 million in Q2 2021 compared to Adjusted EBITDA of $94.1 million for the second quarter of 2020.
      • Laureate had $533 million of cash and gross debt of $179 million as of June 30, 2021.

      First six months financial highlights

      • LAUR reported total revenue of $522.3 million in the first six months of 2021 compared to $496.2 million in the first six months of 2020.
      • Its operating income was $28.7 million in the first six months of 2021 compared to $47.9 million in the first six months of 2020.
      • It suffered a net loss of $194.2 million in the first six months of 2021 compared to a net loss of $213.3 million in the first six months of 2020.
      • Adjusted EBITDA was $13 million in the first six months of 2021 compared to Adjusted EBITDA of $23.6 million in the first six months of 2020.

      Conclusion

      The recent cash distribution announcement was the reason behind its gains in the after-hours on Wednesday. We hope that it will continue to perform well in the coming trading sessions.

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