plummet

Shares of ed-tech company 2U plummet 57%

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Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts. 2U, which helps companies offer digital programs to students, posted a net loss of $47.4 million for the third quarter. Its adjusted loss of … Read more

Oil major BP misses estimates for third quarter as profits plummet

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The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates. The British energy giant logged underlying replacement cost profit, used as a … Read more