Skip to main content

NEW YORK (TheStreet) -- Career Education (CECO) shares are up 11.11% to $5.70 in after hours trading on Tuesday after the education provider released its fourth quarter earnings results after the closing bell today.

The company reported a fourth quarter net loss of 38 cents per diluted share which, adjusted for one time losses, came to a quarterly EPS loss of 12 cents per share, ahead of analysts' 30 cent loss per share expectations. The company also generated $174.20 million in revenue during the quarter, missing analysts' $232.51 million consensus.

Exclusive Report:Jim Cramer's Best Stocks for 2015

Since the beginning of the year the company's stock has declined 26% in trading and was down 3.93% in intraday trading today.

"Fiscal year 2014 was an important year of operating stabilization for our business, and we're beginning to see clear indications that our evolving portfolio of academic offerings is beginning to align more closely with our students' needs, as evidenced by online student enrollment growth in our University segments. We managed to reduce costs across the company by more than $100 million throughout the course of the year, and our enhanced operating and financial profile has positioned us for additional performance improvements in fiscal year 2015," said CEO Ron McCray.

TheStreet Ratings team rates CAREER EDUCATION CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate CAREER EDUCATION CORP (CECO) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

Image placeholder title

CECO

data by

YCharts