Why 2U, Inc. Stock Surged 53.6% in May

Billy Duberstein, The Motley Fool
·2 min read
Why 2U, Inc. Stock Surged 53.6% in May

Shares of 2U, Inc. (NASDAQ: TWOU) rose 53.6% during the month of May, according to data from S&P Global Market Intelligence. The online education technology provider posted better-than-expected results for the first quarter on April 30, which set up strong gains for the month of May as the market also continued to recover. In its first quarter earnings report, 2U posted an eye-opening 43.6% revenue growth and adjusted (non-GAAP) loss per share of ($0.33), with both figures ahead of expectations.

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