Strayer Education Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Strayer Education Inc (STRA) released a profit for first quarter that fell from the same period last year.

The company's earnings came in at $9.47 million, or $0.84 per share. This compares with $10.58 million, or $0.95 per share, in last year's first quarter.

Excluding items, Strayer Education Inc reported adjusted earnings of $13.90 million or $1.23 per share for the period.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $116.47 million from $114.91 million last year.

Strayer Education Inc earnings at a glance:

-Analysts Estimate: $1.15 -Revenue (Q1): $116.47 Mln vs. $114.91 Mln last year.