Educate (EEEE) Misses Q1 EPS by 1c
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Educate, Inc. (Nasdaq: EEEE) reports Q1 EPS of $0.05, 1 cent worse than estimates. Revenues were $97.2 million vs. $96.82 million consensus.
(On January 28, 2007, Educate entered into a definitive Agreement and Plan of Merger with Edge Acquisition, LLC, a company affiliated with Sterling Partners and Citigroup Private Equity, and with Christopher Hoehn-Saric, Educate's Chairman and Chief Executive Officer. Under the terms of the Merger Agreement, Educate's stockholders will receive $8.00 in cash for each share of Educate common stock they own)
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