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Career Education reports 4Q loss

SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Thursday reported a fourth-quarter loss of $32.9 million, after reporting a profit in the same period a year earlier.

The Schaumburg, Illinois-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 4 cents per share.

The for-profit education company posted revenue of $155.3 million in the period.

For the year, the company reported a loss of $18.7 million, or 27 cents per share, swinging to a loss in the period. Revenue was reported as $704.4 million.

Career Education shares have decreased 7.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.33, more than tripling 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


Keywords: Career Education, Earnings Report