DeVry Education Results Miss Estimates; Q4, FY Guidance Weak

(RTTNews) - DeVry Education Group Inc (DV) on Tuesday reported fourth-quarter net earnings of $29.9 million or $0.46 per share compared with $37.5 million or $0.58 per share last year.

Excluding items, adjusted earnings for the quarter were $0.57 per share compared with $0.73 per share a year ago.

Revenues for the quarter were $473.2 million compared with $485.1 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.61 per share on revenues of $478.6 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company expects revenues to decline about five percent year over year, while analysts expect a decline of 1.3 percent.

For the full year 2016, the company expects revenues to be down about five percent and adjusted earnings to be flat to slightly up year over year.

Analysts expect revenues to decline 1.7 percent and earnings of $2.48 per share for the year.