Earnings reports can either make you or break you. For Bridgepoint Education, the prior is happening. Ever since the Q2 Bridgepoint Education earnings report came out yesterday, the stock has been seeing nothing but green.
But just how good was the earnings report? Well, it was upbeat enough to allow the BPI stock to end the day up more than 50%. So, pretty good.
Bridgepoint Education Earnings Report
Bridgepoint Education, a provider of post-secondary education services, is a San Diego-based company, and in the second quarter, it saw an increase in operating income, net income, as well as diluted income per share. Revenue dropped, but you win some, you lose some.
For the three months ending June 30th, 2018, here’s how Bridgepoint Education did:
- Operating income: $11.6M (compared to $6.2M during the same period in 2017)
- Diluted income per share: $0.63 (compared to $0.21 during the same period in 2017)
- Revenue: $120.8M (a drop compared to $124.6M during the same period in 2017)
Meanwhile, for the six months ending June 30th, 2018, revenue was $238.9M, operating income was $11.9M, and net income was $19.5M.
Did any of these figures surprise you? It looks like the market was surprised but in a good way.
The Bridgepoint Education Stock (NYSE:BPI)
At market close on the New York Stock Exchange, Bridgepoint Education was trading at $12.37, which means it ended the day up 52.90%.
Granted, it is currently down 0.97% in the after-hours session, but again, like the revenue, you win some, you lose some.
The Company
As a for-profit education company, Bridgepoint is heavily involved in its community. It specifically focuses on campus and online post-secondary programs and operates two schools—University of the Rockies and Ashford University.
The Takeaway
What did you think of the Bridgepoint Education earnings report? How about the Bridgepoint stock ending the day up more than 50%? Let us know what you think in the comments.
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Featured Image: DariuszSankowski via Pixabay
