Strayer Education Inc Q3 Earnings Decline 25%

(RTTNews) - Strayer Education Inc (STRA) released a profit for third quarter that declined from last year.

The company said its bottom line dropped to $3.72 million, or $0.35 per share. This was lower than $4.95 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.6% to $99.14 million. This was down from $100.76 million last year.

Strayer Education Inc earnings at a glance:

-Earnings (Q3): $3.72 Mln. vs. $4.95 Mln. last year. -Earnings Decline (Y-o-Y): -24.8% -EPS (Q3): $0.35 vs. $0.46 last year. -EPS Decline (Y-o-Y): -23.9% -Analysts Estimate: $0.31 -Revenue (Q3): $99.14 Mln vs. $100.76 Mln last year. -Revenue Change (Y-o-Y): -1.6%