Tue, Oct 21, 2014, 10:56 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

The Washington Post Company Message Board

  • sage2123 sage2123 Jul 24, 2012 9:05 AM Flag

    For Profit Education Sector In Freefall

    As DeVry misses and announces layoffs.

    SAN FRANCISCO (MarketWatch) -- DeVry Inc. /quotes/zigman/224420/quotes/nls/dv DV -1.15% , citing a shortfall in revenue, rising operating costs and one-time charges, said late Monday it expects to earn between 43 cents and 46 cents a share in its fiscal fourth quarter, well below the 79 cents a share analysts polled by FactSet had been looking for. The for-profit education provider also warned that revenue for the quarter ended June 30 will likely be between $500 million and $512 million. Analysts had, on average, expected DeVry to report revenue of $519 million. In response to what it called "continued softness in enrollment," the company also said it plans to eliminate about 570 jobs. DeVry shares fell as much as 23% to $21.20 in after-hours trade.


Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.