DeVry (DV: Quote) reported that its first-quarter income from continuing operations decreased to $8.15 million or $0.13 per share, from $34.00 million or $0.52 per share, last year. Adjusted earnings from continuing operations was $14.21 million or $0.22 per share, for the quarter.
First-quarter net loss to company was $7.13 million or $0.11 per share, compared to profit of $31.99 million or $0.49 per share, last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $450.91 million, from $479.92 million, last year. Analysts expected revenue of $449.41 million for the quarter.
by RTT Staff Writer
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