Shares of Perdoceo Education Corporation (PRDO) surged 7.27% in pre-market trading on Friday, following the release of its impressive first-quarter 2025 financial results. The education provider significantly outperformed analyst expectations, demonstrating robust growth and operational efficiency.

Perdoceo reported adjusted earnings per share of $0.70 for the quarter ended March 31, surpassing the analyst forecast of $0.66 and marking a substantial increase from $0.60 in the same quarter last year. Revenue also exceeded expectations, climbing 26.6% to $213 million, compared to the anticipated $208 million. The company's net income for the quarter reached $43.69 million, underlining its strong financial performance.

Several factors contributed to Perdoceo's stellar results. The acquisition of St. Augustine positively impacted revenue, adding $39.2 million to the first-quarter figures. Additionally, the company reported near multi-year highs in student retention and engagement levels, supporting sustainable growth. Perdoceo also demonstrated its commitment to shareholder value by returning approximately $34.4 million to shareholders through dividends and stock repurchases. Despite challenges such as a slight decrease in AIU System enrollments and increased marketing expenses, the overall financial picture remains highly positive, driving investor enthusiasm and the subsequent pre-market stock surge.