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Capella: 2Q Earnings Snapshot

MINNEAPOLIS (AP) _ Capella Education Co. (CPLA) on Wednesday reported second-quarter net income of $11.8 million.

The Minneapolis-based company said it had net income of 99 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.05 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The for-profit education company posted revenue of $111.6 million in the period.

Capella shares have climbed 34 percent since the beginning of the year. The stock has increased 51 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPLA at https://www.zacks.com/ap/CPLA