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Career Education income up 72%

May 4, 2017

Career Education Corp. ( CECO ) released earnings for its first quarter that advanced from last year.

The company said its bottom line came in at $5.18 million, or $0.07 per share. This was up from $3.01 million, or $0.04 per share, in last year’s first quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company said revenue for the quarter fell 18.5% to $162.11 million. This was down from $198.89 million last year.

Career Education Corp. earnings at a glance:

-Earnings (Q1): $5.18 Mln. vs. $3.01 Mln. last year.
-Earnings Growth (Y-o-Y): 72.1%
-EPS (Q1): $0.07 vs. $0.04 last year.
-EPS Growth (Y-o-Y): 75.0%
-Analysts Estimate: $0.04
-Revenue (Q1): $162.11 Mln vs. $198.89 Mln last year.
-Revenue Change (Y-o-Y): -18.5%

http://bit.ly/2qDS6ib

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