Career education quarterly profit falls

(Adds share movement)

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.