Career Education Corp. (CECO) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $-0.07. The company posted revenue of $198.90 million in the period, compared to analysts expectations of $165.14 million. The company’s revenue was down -12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.
Career Education Corp. opened for trading at $5.34 and hit $5.45 on the upside on Monday, eventually ending the session at $5.43, with a gain of 1.69% or 0.09 points. The heightened volatility saw the trading volume jump to 4,61,644 shares. Company has a market cap of $370 M.
In a different news, on Jun 4, 2015, Ronald D Mccray (CEO) purchased 5,000 shares at $3.72 per share price. According to the SEC, on Mar 11, 2015, Diane Auer Jones (SVP, Chief Ext Affairs Officer) sold 10,742 shares at $5.91 per share price. On Mar 10, 2015, Jeffrey David Ayers (SVP, General Counsel) sold 20,487 shares at $5.97 per share price, according to the Form-4 filing with the securities and exchange commission.
Career Education Corporation (CEC) through its colleges institutions and universities offers education to students in a range of career-oriented disciplines through online on-ground and hybrid learning program offerings. The Company operates through four segments: University Group Career Colleges Group Transitional Group and Corporate and Other. The Company serves students from campuses throughout the United States offering programs that lead to doctoral master’s bachelor’s and associate degrees as well as to diplomas and certificates. The Company’s institutions include both universities that provide degree programs through the master or doctoral level and colleges that provide programs through the associate and bachelor level. The University group includes American InterContinental University (AIU) and Colorado Technical University (CTU) serving students online with career-focused degree programs.