DeVry Education Group (DV) Tops Q2 EPS by 12c, Offers Outlook

DeVry Education Group (NYSE: DV) reported Q2 EPS of $0.85, $0.12 better than the analyst estimate of $0.73. Revenue for the quarter came in at $456.4 million versus the consensus estimate of $459.32 million.

DeVry Group Outlook

Third quarter revenue is expected to be down 3 to 4 percent versus the prior year. Third quarter operating costs before special items are expected to decrease 1 to 2 percent versus the prior year.

For the full year, revenue is expected to be flat to down approximately 1 percent compared to the prior year and earnings before special items is expected to grow in the low-double digit range as compared to the prior year. Full year capital spending is expected to be in the $65 million to $70 million range. The effective income tax rate for the fiscal year is expected to be in the range of 20 to 21 percent, before special items.

For earnings history and earnings-related data on DeVry Education Group (DV) click here.

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