Career Education: 3Q Earnings Snapshot
SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Wednesday reported third-quarter earnings of $18.2 million.
On a per-share basis, the Schaumburg, Illinois-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 33 cents per share.
The for-profit education company posted revenue of $155 million in the period.
For the current quarter ending in December, Career Education expects its per-share earnings to range from 27 cents to 29 cents.
The company expects full-year earnings in the range of $1.32 to $1.34 per share.
Career Education shares have risen 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.90, a climb of 14% in the last 12 months.