Career Education Shares Climb After Quarterly Earnings Release

By Markets MarketWatch Pulse

Career Education Corp. late Monday reported it swung to fourth-quarter earnings of $142.5 million, or $2.08 a share, from a loss of $25.6 million, or 38 cents a share, a year earlier. Revenue fell 8.1% to $199.9 million. The for-profit educator said in December that it will wind down its Le Cordon Blue operations in North America after failing to reach a deal with potential investors. Shares of Career Education rallied 6.4% in after-hours trading.

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