Corinthian Colleges (COCO) Misses Q2 EPS by 2c; Guides Q3 Below Views

January 31, 2013 7:48 AM EST
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Corinthian Colleges, Inc. (NASDAQ: COCO) reported Q2 EPS of $0.05, $0.02 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $409.7 million versus the consensus estimate of $410.3 million.

* Total student population at December 31, 2012 was 88,688 versus 90,910 at December 31, 2011, a decrease of 2.4%.
* New student enrollments totaled 23,703 versus 24,790, a decrease of 4.4%.
* Non-ATB new student enrollments totaled 23,269 versus 23,232.

Sees Q3 2013 EPS of $0.04-0.06, versus the consensus of $0.13. Corinthian Colleges, Inc. sees Q3 2013 revenue of $400-410 million, versus the consensus of $422.51 million.

For earnings history and earnings-related data on Corinthian Colleges, Inc. (COCO) click here.

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