Strayer Education (STRA) Tops Q3 EPS by 3c
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Strayer Education, Inc. Reports Third Quarter Revenues and Earnings; and Fall Term 2016 Enrollments
October 26, 2016 6:30 AM EDTHERNDON, Va.--(BUSINESS WIRE)-- Strayer Education, Inc. (NASDAQ: STRA) today announced financial results for the period ended September 30, 2016. Financial highlights are as follows:
Three Months Ended September 30
Revenues for the three months ended September 30, 2016 increased 3% to $102.2 million, compared to $99.1 million for the same period in 2015, principally due to increased enrollment, partly offset by lower revenue per student. Income from operations was $4.8 million for the three months ended September 30, 2016 compared to $7.3 million for the same period in 2015, a decrease of 33%. Income from operations... More