Strayer Education (STRA) Misses Q2 EPS Views; Continuing Enrollments Rose 4%
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Strayer Education, Inc. Reports Second Quarter Revenues and Earnings; and Summer Term 2016 Enrollments
July 27, 2016 6:30 AM EDTHERNDON, Va.--(BUSINESS WIRE)-- Strayer Education, Inc. (NASDAQ: STRA) today announced financial results for the period ended June 30, 2016. Financial highlights are as follows:
For Three Months Ended June 30:
Revenues decreased 1% to $108.5 million compared to $109.8 million for the same period in 2015, principally due to lower revenue per student. Income from operations was $12.9 million compared to $20.9 million for the same period in 2015, a decrease of 38%. Operating margin was 11.9% compared to 19.1% for the same period in 2015. Net income was $7.8 million compared to $11.9... More