Revenue Update on Career Education Corp.(NASDAQ:CECO)

Career Education Corp.(NASDAQ:CECO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $182.63M. Analysts estimated a revenue of $171.50M. Earnings per share were $0.18. Analysts had estimated an EPS of $-0.10.

Career Education Corp. (CECO) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -1.54% at a volume of 7,67,872. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.2. The peak price level was also seen at $7.2 while the days lowest was $6.96. Finally the shares closed at $7.01. The 52-week high of the shares is $7.53 while the 52-week low is $2.23. According to the latest information available, the market cap of the company is $480 M.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Ronald D Mccray (director) sold 6,000 shares at $6.01 per share price.Also, On Mar 11, 2015, Diane Auer Jones (SVP, Chief Ext Affairs Officer) sold 10,742 shares at $5.91 per share price.On Mar 10, 2015, Jeffrey David Ayers (SVP, General Counsel) sold 20,487 shares at $5.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Career Education Corporation (CEC) through its colleges institutions and universities offers education to students in a range of career-oriented disciplines through online on-ground and hybrid learning program offerings. The Company operates through four segments: University Group Career Colleges Group Transitional Group and Corporate and Other. The Company serves students from campuses throughout the United States offering programs that lead to doctoral master’s bachelor’s and associate degrees as well as to diplomas and certificates. The Company’s institutions include both universities that provide degree programs through the master or doctoral level and colleges that provide programs through the associate and bachelor level. The University group includes American InterContinental University (AIU) and Colorado Technical University (CTU) serving students online with career-focused degree programs.

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