Career Education (CECO) Tops Q4 EPS by 5c

Career Education (NASDAQ: CECO) reported Q4 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $145.5 million versus the consensus estimate of $144.63 million.

• CTU’s new and total student enrollments increased 7.1 percent and 2.3 percent, respectively
• AIU’s new and total student enrollments decreased, as expected, primarily driven by the timing impact of the academic calendar redesign. The Company expects AIU’s new student enrollments to experience significant growth in the first quarter of 2019 which will more than offset this fourth quarter decline and is further expected to contribute to growth for the full year 2019.

For earnings history and earnings-related data on Career Education (CECO) click here.

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