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Zovio Posts 25% Decline In Q2 Revenue; Shares Slide

Zovio Inc (NASDAQ:ZVO) reported a second-quarter FY22 sales decline of 25.7% year-on-year, to $51.38 million. Total costs and expenses for the…
byShivani Kumaresan
August 1, 2022
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  • Zovio Inc (NASDAQ:ZVO) reported a second-quarter FY22 sales decline of 25.7% year-on-year, to $51.38 million.
  • Total costs and expenses for the quarter fell 29.1% Y/Y to $52.2 million.
  • The operating loss for the quarter narrowed to $(0.8)million versus a loss of $(4.5) million last year.
  • The company held $26.8 million in cash and equivalents as of June 30, 2022.
  • Adjusted EPS loss was $(0.36) versus $(0.02) the previous year.
  • Adjusted EBITDA loss was $(7.1) million versus an adjusted EBITDA of $0.5 million a year ago.
  • Price Action: ZVO shares are trading lower by 17.48% at $0.85 on the last check Monday.
 
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Coca-Cola Femsa (NYSE:KOF) is set to give its latest quarterly earnings report on Thursday, 2022-02-24. Here's what investors need to know before the announcement. Analysts estimate that Coca-Cola Femsa will report an earnings per share (EPS) of $0.81.

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