Corinthian Colleges Sinks on Enrollment Forecast (COCO, APOL, STRA, LOPE, EDMC, APEI)

Date: Aug 20 2012

Filed under: Earnings

Corinthian Colleges Inc. (NASDAQ: COCO) reported a fourth fiscal quarter EPS loss of $0.08 and $394.78 million in sales before markets opened this morning. In the same period a year ago, the for-profit schools reported EPS of $0.04 on revenue of $396.84 million. Fourth-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.11 and $403.23 billion in revenue.

The company posted a net loss of $6.5 million mostly as the result of one-time charges for discontinued…

Corinthian Colleges Sinks on Enrollment Forecast (COCO, APOL, STRA, LOPE, EDMC, APEI) originally appeared on DailyFinance.com on 2012-08-20T12:49:00Z.

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