Career Education (CECO) Tops Q4 EPS Views; Tot. Enrollment Fell 14%
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Career Education Corporation Reports Results for Fourth Quarter 2015
February 29, 2016 4:24 PM ESTUniversity Group revenue up mid-single digits
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Career Education Corporation (NASDAQ: CECO) today reported operating and financial results for the fourth quarter and full year of 2015.
Fourth Quarter Business Highlights:
University Group revenue increased by 8.2 percent year-over-year (or 4.2 percent when adjusted for prior year accounting change), primarily driven by a 4.4 percent increase in total enrollments at CTU University Group operating income increased 36.8 percent year-over-year to $31.5 million (or 29.6 percent when adjusted for prior year accounting change), primarily driven by... More