Strayer Education (STRA) Misses Q1 EPS by 1c; Total Enrollment Fell 1%
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Strayer Education, Inc. Reports First Quarter Revenues and Earnings; and Spring Term 2015 Enrollments
May 6, 2015 6:30 AM EDTHERNDON, Va.--(BUSINESS WIRE)-- Strayer Education, Inc. (Nasdaq: STRA) today announced financial results for the three months ended March 31, 2015. Financial highlights are as follows:
Three Months Ended March 31
Revenues for the three months ended March 31, 2015 decreased 4% to $111.9 million compared to $116.5 million for the same period in 2014, principally due to lower enrollment and lower revenue per student. Income from operations was $19.9 million for the three months ended March 31, 2015 compared to $25.9 million for the same period in 2014, a decrease of 23%. Income from operations in the... More