DeVry Education Group (DV) Tops Q3 EPS by 5c

DeVry Education Group (NYSE: DV) reported Q3 EPS of $0.70, $0.05 better than the analyst estimate of $0.65. Revenue for the quarter came in at $452.1 million versus the consensus estimate of $458.21 million.

Guidance:

"Fourth quarter revenue is expected to be down 3 to 4 percent versus the prior year. Fourth quarter operating costs before special items are expected to decrease 4 to 5 percent versus the prior year.

For the full year, revenue is expected to be down 1 to 2 percent compared to the prior year and earnings before special items are expected to grow in the mid-teens range as compared to the prior year. Full year capital spending is expected to be in the $55-60 million range. The effective income tax rate for the fiscal year is expected to be in the range of 20 to 21 percent, before special items."

For earnings history and earnings-related data on DeVry Education Group (DV) click here.

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