Corinthian Colleges Q4 Loss Narrows - Quick Facts

(RTTNews) - Corinthian Colleges, Inc. (COCO), a post-secondary education company, Monday reported a narrower loss for the fourth quarter, mainly reflecting reduced loss from discontinued operations.

For the three-month period, the company reported net loss of $2.1 million or $0.02 per share, compared with $6.4 million or $0.08 per share last year. The results included impairment charges of $1.5 million , and a loss from discontinued operations of $5.3 million, compared with $0.5 million impairment charge and a loss from discontinued operation of $13.1 million.

However, income from continuing operations for the period was $3.1 million or $0.04 per share, compared with $6.6 million or $0.08 per share during the same quarter last year.

On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net revenues for the final quarter decreased to $377.5 million from $387.8 million a year ago. Analysts expected the company to generate revenues of $379.66 million.

Due to the decline in the student population, the company said, it expects 2014 to be a tough year and that it anticipates loss per share to range between $0.06 and $0.09 per share for the first quarter, with revenues to be in the range of $372 million - $382 million. The Street expects the company to report revenues of $392.84 million and earnings of $0.05 per share for the next quarter.

For the full-year 2014, the company expects earnings to be in the range between $0.10 - $0.15 per share. Analysts expect the company to report earnings of $0.23 per share for the year.