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Higher education company



posted revenue and EPS growth from the year-ago quarter and saw record enrollment at DeVry University.

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The company reported third-quarter net income of $18.4 million, or 26 cents a share, a 15% increase from $16.0 million, or 23 cents a share, reported last year. Revenue for the quarter rose 14% to $164.8 million from $144.4 million a year ago.

According to Thomson Financial/First Call, the results came in a penny ahead of the consensus estimate as Wall Street analysts had been expecting the company to earn 25 cents a share on revenue of $163.33 million.

The company said it is focused on developing new revenue streams and cutting costs to better its bottom-line results. Total undergraduate enrollment at DeVry University rose to 45,810 from 45,333 a year ago.

Shares of DeVry were recently trading down 7.3% to $28.75 in Instinet premarket trading.