Bridgepoint Education, Inc. (BPI) Tops Q1 EPS Views; New Enrollments Up 13%; Guides FY11; Announces $75M Buyback
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Bridgepoint Education, Inc. (NYSE: BPI) reported Q1 EPS of $0.92, $0.31 better than the analyst estimate of $0.61. Revenue for the quarter came in at $229.4 million versus the consensus estimate of $216.49 million.
New student enrollments for the first quarter of 2011 gained 13.4 percent to approximately 27,550.
Sees FY2011 EPS of $2.47-$2.57, versus the consensus of $2.26. Sees FY2011 revenue of $886.5-$901.5 million, versus the consensus of $876.21 million.
Bridgepoint Education's Board of Directors has authorized the repurchase of up to $75 million of the Company's outstanding shares of common stock over the next 12 months.
New student enrollments for the first quarter of 2011 gained 13.4 percent to approximately 27,550.
Sees FY2011 EPS of $2.47-$2.57, versus the consensus of $2.26. Sees FY2011 revenue of $886.5-$901.5 million, versus the consensus of $876.21 million.
Bridgepoint Education's Board of Directors has authorized the repurchase of up to $75 million of the Company's outstanding shares of common stock over the next 12 months.
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