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Bridgepoint Education Reports First Quarter 2016 Results

May 3, 2016 4:05 PM EDT

SAN DIEGO, May 3, 2016 /PRNewswire/ -- Bridgepoint Education (NYSE: BPI), a provider of postsecondary education services, today announced its results for the three months ended March 31, 2016.

Financial Results for the Three Months Ended March 31, 2016

Revenue for the first quarter of 2016 was $133.0 million, compared with revenue of $142.5 million for the first quarter of 2015.

Operating loss for the first quarter of 2016 was $16.3 million, compared with operating loss of $1.2 million for the first quarter of 2015.

Net loss... More