Boston, MA 04\/28\/2014 (wallstreetpr) –\u00a0<\/b>The $2.9 billion for-profit education provider DeVry Education Group Inc (NYSE:DV)<\/b> reported Q3.14 recently. Although the results fell short of a year ago figures, they were better than what Wall Street was looking expected. However, concerns remain about whether the company can continue posting strong results in the future quarters.<\/p>\n
The ground has shifted for most for-profit education companies since the end of the financial meltdown. The post-recession era has heralded new regulatory measures, increased scrutiny and soft spending on education services. However, regardless of the challenges, the company\u2019s commitment to shareholders remains that it should strive to maximize shareholder value.<\/p>\n
The environment of weak student enrollment is troubling for DeVry Education Group Inc (NYSE:DV) and the company can be seen getting its hands on several things to ensure that it keeps generating higher profits. Some of the measures that the company is taking to ensure that it remains stable include disciplined cost and expenses management, delivery of quality services and launch of new services that have continuing aspect. Continuing courses ensure revenue stream even in the environment of weak enrollment.<\/p>\n
Q3 earnings in summary<\/b><\/p>\n
DeVry Education Group Inc (NYSE:DV) reported a net profit of $55.5 million or $0.86 per share in Q3.14 that ended March 31. That compared with $56.8 million or $0.88 per share in the corresponding quarter a year ago. On the adjusted earnings basis, EPS was $0.87, ahead of Wall Street estimate of $0.75.<\/p>\n
Just like earnings, revenue also faltered year-over-year in the quarter, coming in at $496.1 million, down 1.5 percent from a year ago quarter. However, the revenue was still better than Wall Street estimate.<\/p>\n
The agenda is clear<\/b><\/p>\n
Although the business environment remains challenging for for-profit companies, DeVry Education Group Inc (NYSE:DV) expects its internal improvements to support growth. Also, the company hailed the improvement in student enrollment for its various education services in the past quarter and expects things to get better as the impact of recession fades. Investors may have to be patient to enjoy the fruits that come from the company’s turnaround.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 04\/28\/2014 (wallstreetpr) –\u00a0The $2.9 billion for-profit education provider DeVry Education Group Inc (NYSE:DV) reported Q3.14 recently. Although the results fell short of a […]<\/p>\n","protected":false},"author":9,"featured_media":20508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6160,6161],"stock_ticker":[],"class_list":["post-20498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-devry-education-group-inc-nysedv","tag-nysedv","entry"],"acf":[],"yoast_head":"\n