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Stock Market & Financial Investment News

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May 6, 2014
07:47 EDTCOCOCorinthian Colleges reports Q3 EPS ex-itmes 3c, consensus 5c
Reports Q3 revenue $349.8M, consensus $355.13M. Reports Q3 total student population at March 31 was 74,498 versus 86,297 at March 31, 2013, a decrease of 13.7%. The average student population was 76,407, down 12.4%. New student enrollments totaled 22,853 versus 26,288, a decrease of 13.1%.
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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