American Public Education's (APEI) CEO Wallace Boston on Q3 2017 Results - Earnings Call Transcript

11/7/17

Thanks, Chris, and good evening everyone. I'd like to start with Page 2 of our slides. I am pleased to report tonight that consolidated revenues and earnings per share for the third quarter of 2017 were higher than we anticipated. This outperformance was driven primarily by higher than expected net course registrations at APUS.

Although APUS experienced a year-over-year decline in net course registrations during the third quarter of 2017, the rate of decline lessened compared to the rate of the previous three quarters. Net course registrations by new students at APUS declined 5% and total net course registrations declined 4% compared to the prior year period. In the third quarter, net course registrations by returning students also declined by 4% year-over-year.

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