American Public Education reports Q3 EPS 2c ex-items, consensus (25c)

Reports Q3 revenue $150.8M, consensus $149.2M. Excluding non-cash equity investment loss, net income available to common shareholders was positive $400,000 and EPS 2c. “APEI‘s Q3 adjusted EBITDA exceeded our expectations, thanks in part to our concentrated efforts on enhancing operational efficiency. Furthermore, overall performance this quarter was generally in line with our expectations, demonstrating our commitment to delivering more consistent results,” said Angela Selden, President and CEO of APEI.