Career Education (CECO) Tops Q2 EPS Views

Career Education (NASDAQ: CECO) reported Q2 EPS of $0.18, $0.32 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $182.6 million versus the consensus estimate of $176.04 million.

As of the end of the second quarter of 2016, total student enrollments for the University Group were 31,600, compared to 31,300 as of the prior year quarter end, primarily driven by improved student retention at CTU and new enrollment growth at AIU. New student enrollments for the University Group were 7,630 and 17,260 for the quarter and year to date ended June 30, 2016, respectively, compared to new enrollments of 7,950 and 18,080 for the quarter and year to date ended June 30, 2015, respectively.

For earnings history and earnings-related data on Career Education (CECO) click here.

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