Bridgepoint Education, Inc. (BPI) posted first-quarter net income of $33 million compared to $53.9 million last year. Earnings per share fell to $0.59 from $0.92 in the prior year. Adjusted net income for the first quarter decreased to $39.8 million from $53.9 million in the previous year.
Revenue increased to $250.4 million from $229.4 million in the comparable quarter a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share on revenues of $252.10 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, for 2012, the company still expects net income to be between $131.5 million and $136.9 million and adjusted net income to be between $138.2 million and $143.7 million. Earnings per share is still expected to be between $2.33 and $2.43 and adjusted earnings per share to be between $2.45 and $2.55. Also, the company continues to expect revenue to be between $1.01 billion and $1.03 billion. Analysts expect the company to earn $2.56 per share on revenues of $1.02 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.