Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
SANTA ANA, Calif. - For-profit education company Corinthian Colleges Inc. said Wednesday its fiscal first-quarter profit more than doubled, as a weaker economy helped boost its student population.
| COCO | 15.67 |  -0.41 |
Profit for the quarter ended Sept. 30 rose to $5.5 million, or 6 cents per share, from nearly $2 million, or 2 cents per share, in the same quarter last year.
Revenue rose 19 percent to $289.6 million from $244.5 million a year ago.
Analysts polled by Thomson Reuters, on average, predicted a profit of 7 cents per share on revenue of $286.4 million.
The company said end-of-quarter student population grew 11.3 percent compared with a year before.
"Although difficult to quantify, current trends indicate that the weak economy has helped increase our marketing leads and start growth," Chief Executive Jack D. Massimino said in a statement.
The company also reiterated its fiscal 2009 earnings and sales guidance.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
With oil prices rising over the past few years, many people want to know about the impact on spending and investment by oil companies. Though pri...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
