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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:44 EDTCECOCareer Education downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Career Education citing poor visibility into enrollment and margins. The firm lowered its price target for shares to $2-$6 from $5-$7.
News For CECO From The Last 14 Days
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March 3, 2015
16:12 EDTCECOCareer Education sees positive FY15 adjusted EBITDA
An update on the company’s expectations for performance and general business outlook for full year 2015 include: Modest growth in total student enrollments for the year within its University group, with online being the primary contributor; Positive adjusted EBITDA for full year 2015 from ongoing operations, which excludes the Transitional Group and campuses held for sale; Reduce operating expenses by an additional $40M based on actions that were taken in 2014; Continued progress on reductions of real estate obligations; End fiscal year 2015 with over $190M in total cash, cash equivalents, restricted cash and short-term investments.
16:10 EDTCECOCareer Education reports Q4 EPS (38c), consensus (30c)
Reports Q4 revenue $174.2M, consensus $232.51M. For the fourth quarter of 2014, total student enrollments for ongoing operations decreased 4.5% compared to the prior year quarter.

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