Broker Center sponsored links

UPDATE 1-Strayer Education earnings rise on enrollment gains

Thu Jul 24, 2008 8:16am EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

(Adds details on results, background)

NEW YORK, July 24 (Reuters) - For-profit education company Strayer Education Inc (STRA.O: Quote, Profile, Research, Stock Buzz) said on Thursday that second-quarter earnings jumped 23 percent, beating analysts' forecasts, on strong enrollment gains.

Net income rose to $21.3 million, or $1.50 per share, from $17.4 million, or $1.20 a share, a year earlier.

Analysts had forecast earnings of $1.47 per share, according to Reuters Estimates.

Revenue rose 24 percent to $97.9 million on rising enrollment and a 5 percent tuition increase that began in January.

Enrollment at Strayer University for the 2008 summer term was up 20 percent from a year earlier, while the number of global online students rose 51 percent. (Reporting by Christopher Kaufman; Editing by Lisa Von Ahn)

 

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended
The global destination for corporate leaders, deal-makers and innovators