=Laureate Education (LAUR) reported earnings on Wed 11 May 2017 (b/o)

Laureate Education misses by $0.21, beats on revs; reaffirms FY17 revs guidance:

• Reports Q1 (Mar) loss of $1.05 per share, excluding non-recurring items, $0.21 worse than the Capital IQ Consensus of ($0.84); revenues fell 5.6% year/year to $855.9 mln vs the $832 mln Capital IQ Consensus.
• Co reaffirms guidance for FY17, sees FY17 revs of $4.287-4.348 bln vs. $4.3 bln Capital IQ Consensus Estimate.
• Guidance Details: Total enrollments in the range of 1,064,000 to 1,080,000, representing 2.0-3.5% growth as compared to December 31, 2016. Adjusted EBITDA in the range of $789 million to $804 million, representing 8.0-10.0% organic (pro forma for asset dispositions in 2016) constant currency growth Capex spending at 7% to 8% of revenues to support growth initiatives and ongoing maintenance.