Capella Q2 Results Top Market Expectations

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Capella Education Co (CPLA.O) posted better-than-expected quarterly results, helped by a 32 percent jump in total enrollments, and said it expects 2010 revenue to be at the high end of its previous forecast range.

The company posted second-quarter earnings of $14.6 million, or 86 cents a share, compared with $9.5 million, or 56 cents a share, a year earlier.

Revenue rose 31 percent to $105.2 million.

Analysts on average had expected earnings of 79 cents a share, on revenue of $103.6 million, according to Thomson Reuters I/B/E/S.

The Minneapolis-based company, which provides online education programs, said it expects enrollment and revenue to grow by 24 to 25.5 percent in the third quarter.

Shares of the company closed at $91.08 Monday on Nasdaq.

REUTERS

Sources: 
Reuters

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