Career Education (CECO) Misses Q1 EPS by 13c

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Career Education Corporation Reports Results for the First Quarter 2015

May 6, 2015 4:05 PM EDT

First Quarter Results in Line with Our Expectations; University Group Operating Income Increases 7.6%

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Career Education Corporation (NASDAQ: CECO) today reported operating and financial results for the first quarter 2015. In a separate news release issued today, the company also disclosed its plan to teach-out or divest its remaining Career Colleges in order to focus resources on its University Group.

Business Highlights:

University Group operating income increased 7.6% year-over-year to $11.7 million for the quarter For our continuing... More