Higher Tuition, Enrollment Boost Strayer

From the Associated Press

Strayer Education of Arlington, a for-profit education provider, said its first-quarter profit grew 25 percent, to $23.5 million ($1.64 a share) from $18.8 million ($1.30) in the comparable period a year earlier, on increased tuition and enrollment. Revenue rose 21 percent, to $97.1 million.
The company said enrollment climbed 19 percent for the Strayer University spring term, while new student enrollments increased 28 percent across the campus and online system. Tuition edged up 5 percent starting in January.
Strayer said it expects second-quarter earnings to beat current analysts' estimates due to strong spring term enrollment growth. The for-profit education provider expects profit of $1.45 to $1.47 per share.

By Terri Rupar  |  April 30, 2008; 11:35 AM ET  | Category:  Education
Previous: Constellation Profit Falls 26 Percent | Next: Fauquier Bankshares Profit, Assets Fall

Comments

Please email us to report offensive comments.



The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company