Strayer Education Inc Q3 Earnings Drop 23%

(RTTNews) - Strayer Education Inc (STRA) announced a profit for third quarter that lost ground compared to the same period last year.

The company said its profit totaled $2.88 million, or $0.27 per share. This was down from $3.72 million, or $0.35 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.0% to $102.16 million. This was up from $99.14 million last year.

Strayer Education Inc earnings at a glance:

-Earnings (Q3): $2.88 Mln. vs. $3.72 Mln. last year. -Earnings Decline (Y-o-Y): -22.6% -EPS (Q3): $0.27 vs. $0.35 last year. -EPS Decline (Y-o-Y): -22.9% -Analysts Estimate: $0.22 -Revenue (Q3): $102.16 Mln vs. $99.14 Mln last year. -Revenue Change (Y-o-Y): 3.0%