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Career Education: 4Q Earnings Snapshot

SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Wednesday reported fourth-quarter net income of $14.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Schaumburg, Illinois-based company said it had net income of 20 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.

The for-profit education company posted revenue of $145.5 million in the period.

For the year, the company reported net income of $55.2 million, or 77 cents per share, swinging to a profit in the period. Revenue was reported as $581.3 million.

For the current quarter ending in April, Career Education expects its per-share earnings to range from 30 cents to 32 cents.

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

Career Education shares have risen 22 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.94, an increase of 19 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 CECO at https://www.zacks.com/ap/CECO