Capella Education (NASDAQ:CPLA), a provider of online post-secondary education, announced financial results for the three and nine months. Revenue decreased by 2.6 percent and enrollment was down 36% for the tree month. For the 9 month however revenue increased by 2.8 percent. Fourth quarter revenue is expected to decline by about 3.0 to 4.5 percent and enrollment is expected to decline by about 4 to 6 percent.
According to Business wire, “Year-over-year new enrollment pressures are starting to moderate due to an easier comparison and continued expected conversion rate improvements as our brand marketing strategy is meeting or exceeding early expectations, said Steve Polacek, senior vice president and chief financial officer. We will continue focusing on cost management and investing in innovative ways to support learner success, Capellas differentiation and long-term growth opportunities.”
Here are some other for-profit stocks affected by the news:
- Apollo Group (NASDAQ:APOL): The shares recently traded at $47.85, down $0.39, or 0.81%, on the day. The shares have traded in a 52-week range of $33.75 to $54.23 and its market capitalization is $6.24 billion. About the company: Apollo Group, Inc. provides higher education programs for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.
- Career Education Corp (NASDAQ:CECO): The shares recently traded at $16.88, down $0.88, or 4.95%, on the day. The shares have traded in a 52-week range of $12.24to $27.60 and its market capitalization is $1.29 billion. About the company: Career Education Corporation provides private, for-profit postsecondary education in the United States and Canada. The Company’s schools offer a variety of bachelor’s degree, associate degree, and non-degree programs, with a core curricula of information technologies, visual communication and design technologies, business studies, and culinary arts.
- ITT Educational Services (NYSE:ESI): The shares recently traded at $67.31, up $1.04, or 1.57%, on the day. The shares have traded in a 52-week range of $54.01 to $95.52 and its market capitalization is $1.79 billion. About the company: ITT Educational Services, Inc. provides technology-oriented postsecondary degree programs in the United States. The Company’s institutes offer associate, bachelor, and master degree programs, as well as non-degree diploma programs.
- Devry, Inc (NYSE:DV): The shares recently traded at $45.92, down $0.52, or 1.12%, on the day. The shares have traded in a 52-week range of $34.24 to $66.85 and its market capitalization is $3.12 billion. About the company: DeVry, Inc. owns and manages higher education systems throughout North America. The Institutions offers various degrees in a wide range of disciplines, including associate, bachelor’s and master’s degree programs in technology; healthcare technology; business and management, as well as online secondary education to school districts and medical education.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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