Career Education Corp. Q1 Income Climbs 72%

(RTTNews) - Career Education Corp. (CECO) released earnings for its first quarter that advanced from last year.

The company said its bottom line came in at $5.18 million, or $0.07 per share. This was up from $3.01 million, or $0.04 per share, in last year's first quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.5% to $162.11 million. This was down from $198.89 million last year.

Career Education Corp. earnings at a glance:

-Earnings (Q1): $5.18 Mln. vs. $3.01 Mln. last year. -Earnings Growth (Y-o-Y): 72.1% -EPS (Q1): $0.07 vs. $0.04 last year. -EPS Growth (Y-o-Y): 75.0% -Analysts Estimate: $0.04 -Revenue (Q1): $162.11 Mln vs. $198.89 Mln last year. -Revenue Change (Y-o-Y): -18.5%