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Second-quarter earnings shot up 44% from last year at Career Education(CECO Quote), but lackluster guidance left the stock trading lower after hours.
The college operator earned $52.8 million, or 50 cents a share, in the quarter, compared with $56.6 million, or 35 cents a share, a year ago. The latest quarter had a charge of 1 cent a share related to an SEC investigation and other matters. Analysts had been forecasting 47 cents a share.
Sales rose 23% from a year ago to $497.5 million, about $3 million short of estimates. ...
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