Career Education (CECO) Post Q3 Loss of $0.67/Share
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Career Education Corporation Reports Results for Third Quarter 2015
November 4, 2015 7:30 AM ESTUniversity Group Operating Income Increases more than 200%
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Career Education Corporation (NASDAQ: CECO) today reported operating and financial results for the third quarter of 2015.
Business Highlights:
Increased University Group revenue by 1.4 percent year-over-year; excluding adjustments related to changes in accounting for withdrawn students, revenue would have increased 3.0 percent year-over-year Improved rate of cash burn year-over-year by generating $5.6 million of positive cash flow from operations during the quarter; first positive cash flow from operations in a third quarter since 2012... More