EDUCATION DIVE: Despite falling short, DeVry posts profit in Q2

Career College Central Summary: 

  • DeVry Education Group reported lower than expected results for the second quarter of 2015 on Thursday, with net income falling $5.8 million to $42.4 million.
  • Performing particularly well for the for-profit college operator was the Medical and Healthcare segment, which saw revenue grow 12.4% over the previous year to $214 million in the three-month period ended Dec. 31, 2014.
  • While it saw a 0.3% decline during the quarter, the International and Professional Education segment grew 8.8% over the previous year in the first two quarters of fiscal 2015, bringing in $114.4 million over a six-month period.

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