Bridgepoint Education, Inc. (BPI), a provider of postsecondary education services, Wednesday reported third-quarter net income of $6.3 million, significantly down from $14.2 million in the prior year.
Earnings per share were $0.14, compared with $0.25 per share in the same quarter last year.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter declined to $162.65 million from $182.77 million a year ago. Analysts estimated revenues of $169.82 million for the quarter.
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