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News Breaks | | | | January 4, 2013 | | 16:39 EDT |  | ESI | ITT Educational reports $13.2M after-tax charge in Q4, will cut EPS by 56c
On December 28, ITT Educational entered into a settlement agreement and release with Sallie Mae to settle the previously disclosed litigation matter between the company and Sallie Mae relating to the risk sharing loan program agreement, dated as of July 17, 2007, between the company and Sallie Mae. Under the terms of the settlement agreement, the company has agreed to pay a one-time payment of $46M to Sallie Mae on or before January 29, 2013. The company expects to record an after-tax charge to net income of approximately $13.2M in Q4. The company also expects that this after-tax charge to net income will reduce its EPS by approximately 56c in Q4. | |
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News For ESI From The Last 14 Days Check below for free stories on ESI the last two weeks. |
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| May 17, 2013 | | 12:52 EDT |  | ESI | ITT Educational spikes higher, levels to watch
The shares have essentially moved sideways for much of the week, but today spiked in the later morning, now up over 10% to $27.28. At that price, next resistance is at $28.63. Support is at $26.06. | | | May 15, 2013 | | 10:13 EDT |  | ESI | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 06:34 EDT | | ESI | ITT Educational downgraded to Equal Weight from Overweight at First Analysis
Subscribe for More Information | | | May 14, 2013 | | 12:00 EDT | | ESI | ITT Educational rises 14.7%
Subscribe for More Information | | | May 13, 2013 | | 09:01 EDT | | ESI | ITT Educational falls 3.3%
Subscribe for More Information | | | May 10, 2013 | | 10:01 EDT |  | ESI | House GOP proposes reform of student loan interest rates, The Hill says
Subscribe for More Information | | | May 8, 2013 | | 13:59 EDT | | ESI | For-profit education stocks rally after Grand Canyon results
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