Bridgepoint Education Earnings: Here’s Why Investors are Ambivalent Now
Bridgepoint Education, Inc. (NYSE:BPI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Bridgepoint Education, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 39.44% to $0.43 in the quarter versus EPS of $0.71 in the year-earlier quarter.
Revenue: Decreased 11.36% to $222 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bridgepoint Education, Inc. reported adjusted EPS income of $0.43 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $217.4 million.
Quoting Management: “Bridgepoint Education and Ashford University demonstrated a real commitment to the community by joining us to enhance the River Garden in Mission Valley,” said Rob Hutsel, executive director at the San Diego River Park Foundation. “We were especially thrilled that so many kids participated in the event. It was a wonderful day.”
Key Stats (on next page)…