UPDATE 2-DeVry Q3 results top market expectations

* Q3 shr $1.12 vs est $1.05

* Q3 rev $504.4 mln vs est $493.3 mln

* Shares down 4 pct in after-hours trade (Adds comments from conference call, updates share movement)

April 22 (Reuters) - For-profit education provider DeVry Inc (DV.N) posted higher-than-expected quarterly results, helped by 26 percent enrollment growth at DeVry university.

The company, however, said it expects earnings at the medical and healthcare segment, which accounts for about 40 percent of revenue, to be flat to slightly down in 2011.

This is mainly due to capacity constraints at the medical school of Ross University, where enrollments grew 8 percent this quarter, DeVry said on a conference call.

The other university in the segment - the Chamberlain College of Nursing - saw a 75 percent growth to 2,168 students in the third quarter ended March 31, 2010.

The company expects its business technology and management segment to continue to deliver strong revenue and earnings growth in 2011.

Education companies such as DeVry and its peer ITT Educational Services Inc (ESI.N), that reported earlier today, benefited from the weak economy as people returned to school to learn new skills, but have been plagued by concerns regarding potential regulatory changes of late.

Shares of several companies in the sector fell Thursday after concerns resurfaced when a top government official voiced support for stricter rules to govern educational institutions. [ID:nSGE63L0IH]

Q3 BEATS

For the third quarter ended March 31, 2010, the company posted earnings of $81.2 million, or $1.12 a share, compared with earnings of $50.9 million, or 70 cents a share, a year earlier.

Revenue rose 29 percent to $504.4 million.

Analysts on average were expecting earnings of $1.05 a share, on revenue of $493.3 million, according to Thomson Reuters I/B/E/S.

Shares of the company fell 4 percent to $71.00 in after-hours trade. They closed at $74.25 Thursday on the New York Stock Exchange. (Reporting by Amulya Nagaraj in Bangalore; Editing by Ratul Ray Chaudhuri)