CHANDLER, Ariz. (AP) _ Zovio Inc (ZVO) on Wednesday reported a first-quarter loss of $9.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chandler, Arizona-based company said it had a loss of 29 cents. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The for-profit education company posted revenue of $76.9 million in the period.
The company's shares closed at $2.93. A year ago, they were trading at $2.59.
The Associated Press