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Career Education: 2Q Earnings Snapshot

August 7, 2019

SCHAUMBURG, Ill. (AP) _ Career Education Corp. (CECO) on Wednesday reported a second-quarter loss of $559,000, after reporting a profit in the same period a year earlier.

The Schaumburg, Illinois-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 39 cents per share.

The for-profit education company posted revenue of $156.4 million in the period.

For the current quarter ending in October, Career Education expects its per-share earnings to range from 23 cents to 25 cents.

The company expects full-year earnings in the range of $1.20 to $1.24 per share.

Career Education shares have climbed 61% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.37, a rise of nearly 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CECO at https://www.zacks.com/ap/CECO

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