Strayer Education, Inc. (STRA) Tops Q2 EPS by 2c; CFO Succession Announced

July 31, 2014 9:14 AM EDT

Strayer Education, Inc. (NASDAQ: STRA) reported Q2 EPS of $1.29, $0.02 better than the analyst estimate of $1.27. Revenue for the quarter came in at $112.7 million versus the consensus estimate of $114.81 million.

The Company also announced that, effective March 1, 2015, Chief Financial Officer Mark Brown will retire after 13 years with the Company. Brown will be replaced by Daniel Jackson, who is being promoted from his current role as Senior Vice President and Treasurer. Jackson joined Strayer Education in 2003, and has served as Vice President of Finance and Regional Vice President of Operations, among other roles. “It has been my great pleasure and honor to work with Mark over these many years. In his tenure as CFO he has been a key strategic advisor and an integral part of our leadership team,” said Robert Silberman, Strayer Education Executive Chairman. “We extend our appreciation to Mark and wish him all the best in his next chapter,” added Karl McDonnell, Strayer Education President and CEO. “We are confident that Dan will continue to build on the established infrastructure and expertise within our finance and accounting organization, and look forward to his tenure as our new CFO.”

For earnings history and earnings-related data on Strayer Education, Inc. (STRA) click here.



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