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Why Adtalem Global Education Stock Was Dropping Today

TheMotleyFool

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Why Adtalem Global Education Stock Was Dropping TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of Adtalem Global Education (NYSE: ATGE) were down by 14.6% as of 1:01 p.m. ET on Wednesday after the healthcare-focused education provider reported earnings results for its fiscal 2022 second quarter.

Revenue increased 58% year over year to $371.2 million, but came in well short of analysts' consensus estimate of $419 million. Earnings per share excluding discontinued operations improved to $0.75 from $0.61 in the prior-year period.

Image source: Getty Images.

Source Fool.com

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