Strayer Education Beats, Oppenheimer Ups Estimates (STRA)

Strayer Education (NASDAQ: STRA) posted strong earnings for the 2nd quarter. Strayer is a provider of post-secondary education courses through its Strayer University subsidiary.

The company posted revenue of $159.3 million, beating Street consensus. 2Q10 total enrollment also grew 23% Y/Y to 52,221.

Oppenheimer said, "Despite substantiating its presence as a top quality name in the space, STRA will likely remain range-bound near term given pending legislative uncertainty over the group."

Shares of STRA are currently trading at $235.22.