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Career Education: 1Q Earnings Snapshot

SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Wednesday reported first-quarter profit of $24.8 million.

On a per-share basis, the Schaumburg, Illinois-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 36 cents per share.

The for-profit education company posted revenue of $157.9 million in the period.

For the current quarter ending in July, Career Education expects its per-share earnings to range from 29 cents to 31 cents.

The company expects full-year earnings in the range of $1.11 to $1.15 per share.

Career Education shares have risen 57% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.98, a climb of 26% 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 CECO at https://www.zacks.com/ap/CECO