• Most Popular
  • Most Shared

Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

» More Global Deals Review: Q4 2009 News

Career education quarterly profit falls

Thu Feb 15, 2007 6:15pm EST

Stocks

   

(Adds share movement)

Global Markets

NEW YORK, Feb 15 (Reuters) - For-profit education company Career Education Corp. (CECO.O) said on Thursday quarterly net profit fell, hurt by revenue and margin declines in its typically strong-performing University segment.

Consolidated net income from continuing operations for the fourth quarter was $39.9 million, or 41 cents a share, compared with $73.7 million, or 73 cents a share, a year ago.

After a loss from discontinued operations, Career Education posted net income of 22 cents a share.

Fourth-quarter consolidated revenue rose 10.5 percent to $429.1 million.

Career Education's shares fell $2.09, or 7 percent, to $27.55 in after hours trading on Inet.

Global Markets


More from Reuters

Photo

New security restrictions could hurt airlines

NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets