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Stock Market & Financial Investment News

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November 9, 2012
10:23 EDTESI, CECO, APOL, LINC, STRA, DV, LOPE, BPI, APEI, EDMC, NAUH, COCOFor profit education companies sink after Strayer guidance miss
Many for-profit education stocks are retreating after Strayer Education (STRA) predicted that its fourth quarter profit would be significantly below Wall Street's expectations. Strayer's full-year earnings per share outlook was also well below analysts' consensus estimate. Moreover, the company announced that it was suspending its dividend in 2013, and said that its enrollment dropped 4.6% in the third quarter. However, on a positive note new student enrollments did surge 40% compared with the same period in 2011. In mid-morning trading, Strayer tumbled $6.32, or 11.25%, to $49.85, while Bridgepoint Education (BPI) gave back 2.43% to $8.83, Grand Canyon (LOPE) retreated 3.06% to $21.55, and Corinthian Colleges (COCO) lost 1.73% to 42.27.
News For BPI;LINC;COCO;LOPE;APOL;NAUH;DV;CECO;EDMC;STRA;ESI;APEI From The Last 14 Days
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April 16, 2014
16:22 EDTLOPEGrand Canyon Education notified DOE to conduct review
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April 14, 2014
16:54 EDTESIPoint72 raises passive stake in ITT Educational to 5.7% from 5.0%
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