Education Management Corp. (EDMC) reported that its fourth quarter net loss was $1.2 billion, or $9.51 per share, compared to a net income of $34.8 million, or $0.26 per share, for the prior year quarter.
Net income, excluding certain expenses was $12.7 million or $0.10 per share for the latest quarter. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share. Analysts' estimates typically exclude special items.
Net revenues for the quarter were $639.2 million, down 8.1% from $695.4 million in the comparable quarter last year, while twelve analysts expected revenues of $643.25 million for the quarter.
For the first-quarter, net loss, and loss per share are expected to be between $10 million or $0.08. Analysts expect the company to report earnings of $0.05 per share for the first-quarter.
For fiscal 2013, net income and earnings per share are now expected to be between $68 million or $0.54. Analysts expect the company to report earnings of $0.13 per share for fiscal 2013.
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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.