Corinthian Colleges Reports FY 14 Second Quarter Results

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Go back to Corinthian Colleges Reports FY 14 Second Quarter Results

Corinthian Colleges, Inc. (COCO) Tops Q2 EPS by 3c; Updates on Regulatory Matters

February 5, 2014 7:47 AM EST

Corinthian Colleges, Inc. (NASDAQ: COCO) reported Q2 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $369.9 million versus the consensus estimate of $373.41 million.

-- Total student population at December 31, 2013 was 77,584 versus 87,250 at December 31, 2012, a decrease of 11.1%.
-- New student enrollments totaled 19,760 versus 23,074, a decrease of 14.4%.

Regulatory Update

Multi-state AG Inquiry As previously reported in a Form 8-K, the Company was notified by the Iowa Attorney General's office that it is leading an investigation by thirteen Attorneys General into the Company's business practices. The... More