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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:06 EDTSTRA, CECO, BPI, APOL, ESI, LOPE, APEI, DV, COCOFor-profit education stocks mixed after probes disclosed
Shares of for-profit education companies are mixed after two companies in the sector disclosed that they are being probed by multiple states. WHAT'S NEW: Yesterday night Corinthian Colleges (COCO) stated that its business practices were being probed by 13 states. The company added that it had received Civil Investigative Demands, or CIDs, from most of those states. The CIDs seek documents and a wide range of additional information from Corinthian, including information on tuition and loans, and lead generation activities, the company noted. Moreover, Corinthian stated that "several other companies" in the sector had received similar CIDs. One such company is ITT Educational (ESI), which disclosed last night that it had received CIDs from 12 states. The CIDs include requests for information and documents relating to the company's students and its practices, ITT Educational stated. WHAT'S NOTABLE: On January 6, Corinthian Colleges disclosed that it had received a CID from the U.S. Consumer Financial Protection Bureau, or CFPB. The CID sought information in order to determine whether the company or other entity was engaged in illegal practices, Corinthian reported at the time. ITT Education has also come under scrutiny by the CFPB. On December 27, the company disclosed that the agency was considering taking legal action against the company for violating a number of laws. PRICE ACTION: In early trading, Corinthian added 0.7% to $1.55, while ITT Educational lost 0.6% to $40.75. Meanwhile, Apollo Educatio (APOL) was flat at $33, Strayer (STRA) gained 1.75% to $36.90 and DeVry (DV) added 0.4% to $37.75.
News For BPI;COCO;LOPE;CECO;DV;ESI;STRA;APEI;APOL From The Last 14 Days
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August 25, 2015
09:38 EDTCECOCareer Education discloses receipt of request for information from FTC
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08:16 EDTESICalifornia drops attempt to suspend ITT Tech
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August 21, 2015
10:01 EDTDVDeVry upgraded to Buy from Hold at Standpoint Research
August 18, 2015
18:32 EDTDVOn The Fly: After Hours Movers
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17:17 EDTDVDeVry to move 14 campuses to online-only model
DeVry says demand for nursing program is growing. Says moving 14 locations to an online-only model to free up resources. Says experiencing uptick in brand awareness following recent advertising campaign. DeVry executives are speaking on the company's Q4 earnings conference call.
16:43 EDTDVDeVry says on track to deliver $125M in cost savings in FY16
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16:29 EDTDVDeVry sees FY16 EPS flat to slightly up YoY, consensus $2.48
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16:27 EDTDVDeVry sees Q1 revenue down about 5% YoY, consensus $455.94M
Q1 operating costs are expected to be down 2-3% versus the prior year quarter.
16:25 EDTDVDeVry reports Q4 EPS 57c, consensus 61c
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14:51 EDTDVNotable companies reporting after market close
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August 17, 2015
07:11 EDTDVDeVry August volatility elevated into Q4 and outlook
DeVry August call option implied volatility is at 113, September is at 55; compared to its 52-week range of 21 to 57 suggesting large price movement into the expected release of Q4 results on Aug 18.

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