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Career Education reports 4Q loss

SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Wednesday reported a loss of $44.4 million in its fourth quarter.

On a per-share basis, the Schaumburg, Illinois-based company said it had a loss of 64 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The for-profit education company posted revenue of $143.1 million in the period.

For the year, the company reported that its loss widened to $31.9 million, or 46 cents per share. Revenue was reported as $596.4 million.

Career Education shares have declined 1.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.90, a climb of 29 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