DeVry Education's stock surged 7.59% in pre-market trading on Thursday, following robust fiscal second-quarter results and positive corporate announcements from its parent company, Adtalem Global Education.
The company reported quarterly revenue and adjusted earnings per share that exceeded analyst expectations, with revenue growing 12.4% year-over-year. Additionally, Adtalem raised its full-year adjusted EPS guidance and authorized a new $750 million share repurchase program through December 2028. Continued enrollment growth and strong performance at its Walden University segment further bolstered investor confidence.