Laureate Education (LAUR) reported a Q1 adjusted net loss Thursday of $0.11 per diluted share, wider than a loss of $0.01 a year earlier.

One analyst polled by FactSet expected a loss of $0.19.

Revenue for the quarter ended March 31 was $236.2 million, down from $275.4 million a year earlier.

Two analysts surveyed by FactSet expected $223.7 million.

The company revised fiscal 2025 revenue outlook to between $1.56 billion and $1.58 billion from the previous forecast of $1.55 billion to $1.57 billion.

Four analysts polled by FactSet expect $1.57 billion.

The company's shares were rising 2.8% in recent trading.

Price: 20.52, Change: +0.45, Percent Change: +2.24