Strayer Education (STRA) Tops Q1 EPS by 14c; New Enrollments Fell 7%
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Strayer Education, Inc. Reports First Quarter Revenues and Earnings; Spring Term 2016 Enrollments
May 4, 2016 6:30 AM EDTHERNDON, Va.--(BUSINESS WIRE)-- Strayer Education, Inc. (Nasdaq: STRA) today announced financial results for the three months ended March 31, 2016. Financial highlights are as follows:
Three Months Ended March 31
Revenues for the three months ended March 31, 2016 decreased 1% to $111.2 million, compared to $111.9 million for the same period in 2015, principally due to lower revenue per student, partially offset by higher enrollment. Income from operations was $20.1 million for the three months ended March 31, 2016, compared to $19.9 million for the same period in 2015, an increase of 1%. Income from... More