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Education Management (EDMC) Tops Q2 EPS by 6c; New Enrollment Down 21.9%; Guides

January 30, 2013 4:45 PM EST
Education Management Corp (NASDAQ: EDMC) reported Q2 EPS of $0.25, $0.06 better than the analyst estimate of $0.19. Revenue for the quarter came in at $654.9 million versus the consensus estimate of $651.24 million.

New enrollment down 21.9 percent to 24,000. Average enrollment down 12.7 percent to 131,500. Starting student enrollment down 11.1 percent to 126,800.

Sees Q3 2013 EPS of $0.20-$0.22, versus the consensus of $0.19.

Also sees FY2013 EPS of $0.38-$0.44, versus the consensus of $0.41.

For earnings history and earnings-related data on Education Management Corp (EDMC) click here.


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