DeVry Education Group (DV) Tops Q4 EPS by 5c

DeVry Education Group (NYSE: DV) reported Q4 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $471.7 million versus the consensus estimate of $461.9 million.

Medical and Healthcare and International and Professional Education revenue grew 8.9 percent and 15.5 percent respectively, while Business, Technology and Management revenue decreased 23.0 percent

DeVry Group Outlook

First quarter revenue is expected to increase 1 to 2 percent versus the prior year. First quarter operating costs before special items are expected to increase less than a percent versus the prior year.

For the full year, revenue is expected to be flat compared to the prior year and earnings before special items to grow in the mid-single digits as compared to the prior year. Full year capital spending is expected to be in the $80 million range. The effective income tax rate for the fiscal year is expected to be approximately 23 percent, before special items.

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

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