Career Education (CECO) Tops Q1 EPS by 7c

Career Education (NASDAQ: CECO) reported Q1 EPS of $0.04, $0.07 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $198.9 million versus the consensus estimate of $177.2 million.

“Our first quarter results reflect a continuation of the trends we witnessed at the end of last year, and position us well to continue to successfully execute on our strategy for the remainder of 2016 and beyond. Improved efficiency in operations, maintaining overall University Group total enrollments and in-line performance of teach-outs, resulted in improvement of year-over-year financial performance,” said Todd Nelson, President and Chief Executive Officer. “Overall, we are executing well against our strategic initiatives and we remain confident in the outlook we provided last quarter. Our priorities for the near-term will continue to be focused on improving the strength of our University platform with investments in technology and resources which we believe will further enhance student retention and outcomes.”

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

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