Career Education Corp. (CECO) reported third-quarter net income of $20.8 million or $0.25 per share compared to a net loss of $0.1 million or breakeven per share last year.
Income from continuing operations increased to $22.971 million or $0.27 per share from $1.549 million or $0.02 per share last year.
Reported operating income was $32.3 million or $0.25 per share compared to a loss of $6.2 million or breakeven per share last year. Adjusted operating income was $61.0 million or $0.47 per share compared to $18.3 million or $0.18 per share last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue ws $459.9 million compared to $403.0 million last year. Analysts expected revenue of $437.25 million for the quarter.
In March 2008, the company established milestone objectives for 2010 of between $225 and $270 million in operating income. The company said it is on track to achieve operating income, excluding Transitional Schools and other significant items, within the low end of the 2010 milestone objective range in 2009, a year ahead of schedule.
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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.