2U Q4 FY2023 Earnings Miss Sparks 19.5% Share Plunge

Education technology company 2U reported Q4 FY2023 results below analyst expectations, with a revenue increase of 8.3% YoY, but falling short of estimates. The company's revenue guidance for Q1 FY2024 was also disappointing. Despite positive developments in non-GAAP profit and gross margin, underperformance in key segments raises concerns. The stock price declined by 19.5% following the announcement, highlighting the need for 2U to regain investor confidence and address these challenges.