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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.