Why 2U Stock Fell Despite Its "Strong" Quarter
2U (NASDAQ: TWOU), a leader in online education platforms, announced better-than-expected third-quarter results on Tuesday after the market closed. But while shares initially rallied as much as 19% on Wednesday morning in response, investors' mood quickly soured as they digested the nuances of the company's revised 2019 guidance and a lack of clarity surrounding its drastically tempered growth strategy.
With shares down more than 5% in Wednesday's trading, let's start with a closer look at how 2U's third quarter shaped up relative to the same year-ago period:
Q3 2019
Source Fool.com
