Bright Horizons Family Solutions IncRevenue in line but stock fell 14% after reporting, indicating disappointment with earnings or guidance.
Consumer discretionary education services stocks reported strong first-quarter results, with aggregate revenues beating analyst consensus estimates by 1.9%. Bright Horizons posted revenue of $712.2 million, up 7% year on year and in line with expectations, but its stock fell 14% after reporting. Lincoln Educational led the group with revenue of $144 million, a 22.5% increase that beat estimates by 5.7%, and its stock rose 15.1%. Strategic Education was the weakest performer, with flat revenue of $305.9 million missing estimates by 1.2%, and its stock declined 5.7%. Laureate Education and Covista also beat revenue expectations, with shares up 20.7% and 8.9% respectively.
Bright Horizons Family Solutions IncRevenue in line but stock fell 14% after reporting, indicating disappointment with earnings or guidance.
Covista Inc.Beat revenue expectations and shares rose 8.9%.
Laureate Education IncBeat revenue expectations and shares rose 20.7%.
Lincoln Educational ServicesRevenue beat estimates by 5.7% and stock rose 15.1%.
Strategic Education IncFlat revenue missed estimates by 1.2% and stock declined 5.7%.