Career Education (CECO) Post Q3 Loss of $0.67/Share

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Go back to Career Education (CECO) Post Q3 Loss of $0.67/Share

Career Education Corporation Reports Results for Third Quarter 2015

November 4, 2015 7:30 AM EST

University Group Operating Income Increases more than 200%

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Career Education Corporation (NASDAQ: CECO) today reported operating and financial results for the third quarter of 2015.

Business Highlights:

Increased University Group revenue by 1.4 percent year-over-year; excluding adjustments related to changes in accounting for withdrawn students, revenue would have increased 3.0 percent year-over-year Improved rate of cash burn year-over-year by generating $5.6 million of positive cash flow from operations during the quarter; first positive cash flow from operations in a third quarter since 2012... More