Brief: Career Education Corporation Reports Results For Second Quarter

Perdoceo Education

07/08/2019 21:40

Aug 7 (Reuters) - Career Education Corp  CECO.O :
    * ORATION REPORTS RESULTS FOR SECOND QUARTER AND YEAR TO
DATE 2019
    * Q2 LOSS PER SHARE $0.01
    * Q2 REVENUE $156.4 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$146.9 MILLION
    * Q2 ADJUSTED EARNINGS PER SHARE $0.39
    * QTRLY UNIVERSITY GROUP NEW STUDENT ENROLLMENTS INCREASED
25.0
PERCENT CONTRIBUTING TO TOTAL ENROLLMENT GROWTH OF 5.4 PERCENT
    * CAREER EDUCATION - QTRLY CTU TOTAL STUDENT ENROLLMENTS
ROSE BY
3.2%
    * CAREER EDUCATION - QTRLY AIU TOTAL STUDENT ENROLLMENTS
INCREASED
10.0%
    * CAREER EDUCATION - SEES FY REVENUE GROWTH OF APPROXIMATELY
4.0
PERCENT TO 5.0 PERCENT
    * CAREER EDUCATION - SEES FY EARNINGS PER DILUTED SHARE IN
THE
RANGE OF $0.80 TO $0.84
    * CAREER EDUCATION - SEES FY ADJUSTED EARNINGS PER DILUTED
SHARE
IN THE RANGE OF $1.20 TO $1.24
    * FY2019 EARNINGS PER SHARE VIEW $1.15 -- REFINITIV IBES
DATA
    * CAREER EDUCATION - SEES Q3 EARNINGS PER DILUTED SHARE AND
ADJUSTED EARNINGS PER DILUTED SHARE IN THE RANGE OF $0.23 TO
$0.25
    * Q3 EARNINGS PER SHARE VIEW $0.22 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw2XQ1XBa 
Further company coverage:  CECO.O 

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