5 November 2009
Ashford News Roundup, 11-05-09
Posted by Connor under: Clinton .
Bridgepoint released its 3rd Quarter earnings this week. Highlights:
— Total student enrollment increased 79.7% year-over-year to 54,894 at
the
end of the quarter.
— Revenue increased 111.3% to $127.4 million from $60.3 million for the
same period in 2008.
— Operating income increased 233.2% to $38.8 million from $11.7 million
for the same period in 2008.
— Net income was $22.4 million, an increase of 155.5% compared with net
income of $8.8 million for the same period in 2008.
— Fully diluted earnings per common share increased 428.6% to $0.37 from
$0.07 for the same period in 2008.
BPIshares are trading at $15.80 today, still down from the $18.60 they were trading at prior to the Department of Education investigation news broke. But it seems the company fundamentals are encouraging investors.