Career Education Q2 Loss Widens - Quick Facts

(RTTNews) - Illinois-based Career Education Corp. (CECO) Thursday reported a wider second-quarter net loss, due mainly to lower revenues and a significant tax benefit recorded last year.

For the three months to June, net loss widened to $46.56 million or $0.69 per share, from a loss of $31.39 million or $0.47 per share a year earlier.

On average, five analysts polled by Thomson-Reuters estimated the company's loss to be $0.52 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues declined by 11 percent to 229.29 million, from 259.5 million a year earlier. Wall Street expected $233.64 million.

Total student enrollments, for ongoing operations, decreased 4.8 percent