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WPO Message Board

  • sage2123 sage2123 Nov 9, 2012 7:09 AM Flag

    Trouble In For Profit Land

    Career Education announced Thursday that it is cutting 900 jobs and closing 23 campuses as it continues to battle with declining enrollment.

    The Schaumburg-based for-profit education provider reported the cuts when it released its third-quarter loss of $33.1 million. Last year the company posted a $10.6 million profit during the same quarter. Third-quarter revenue dropped 22 percent to $332.8 million from $428.4 million.

    Sentiment: Sell