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UPDATE: DeVry FQ4 Profit Down 89%

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Deutsche Bank Downgrades DeVry Education, Sees 'Slower Growth'

DeVry (NYSE: DV) reported an 89% drop in its fiscal fourth-quarter profit.

DeVry's quarterly earnings declined to $8.09 million, or $0.12 per share, versus $75.2 million, or $1.08 per share, in the year-ago period. Excluding items, DeVry earned $0.47 per share.

Its revenue dropped 7.5% to $505.9 million. However, analysts were expecting a profit of $0.46 per share on revenue of $508.4 million.

DeVry shares closed at $19.87 yesterday.

Posted-In: profitEarnings News

 

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