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February 5, 2014
07:48 EDTCOCOCorinthian Colleges reports Q2 continuing ops EPS 5c, consensus 2c
Reports Q2 revenue $369.9M, consensus $373.41M. Reports new student enrollments totaled 19,760 versus 23,074, a decrease of 14.4%. Total student population at December 31, 2013 was 77,584 versus 87,250 at December 31, 2012, a decrease of 11.1%. The company said results for the quarter were above the company's previous guidance range for diluted earnings per share, and fell below guidance for new student enrollment and revenue.
News For COCO From The Last 14 Days
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October 16, 2014
17:30 EDTCOCOCorinthian Colleges enters into Forbearance and Consent Agreement
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October 15, 2014
07:07 EDTCOCOFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).

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