Education services holding company Strayer Education ( STRA) said its second-quarter earnings rose 11.9%, led by higher enrollment. The Arlington, Va.-based company earned $14 million, or 97 cents a share, in the quarter, compared with $12.5 million, or 85 cents a share, a year ago. Excluding stock option expenses, earnings were $1.05 a share. Analysts surveyed by Thomson Financial were expecting the company to earn 93 cents a share. Second-quarter revenue rose 18.7% from a year ago to $65.6 million due to increased enrollment and a 5% tuition increase which commenced in January. Analysts were expecting revenue of $65.4 million. For the third quarter, the company expects to earn 39 cents to 41 cents a share, excluding option expense of 11 cents a share. Analysts are expecting the company to earn 41 cents a share. Enrollment for the 2006 summer term increased 15% to 23,932 students. The company also named Karl McDonnell as its president and chief operating officer. McDonnell previously served as chief operating officer of InteliStaf, a healthcare staffing company, and held senior management positions at Goldman Sachs and Walt Disney. Shares rose $9.93 to $107.80.