Career Education (CECO) Tops Q1 EPS by 7c

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Career Education Corporation Reports Results for First Quarter 2016

May 4, 2016 4:07 PM EDT

Total operating income of $7.0 million vs prior quarter operating loss of $24.4 million, reflects strong execution against the Companys strategic initiative

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Career Education Corporation (NASDAQ: CECO) today reported operating and financial results for the first quarter of 2016.

Consolidated Results:

Operating income improved to $7.0 million for the current year quarter as compared to an operating loss of $24.4 million for the prior year quarter Achieved consolidated adjusted EBITDA of $13.2 million compared to a loss of $11.8... More