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 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.