PHOENIX (AP) — PHOENIX (AP) — Phoenix Education Partners, Inc. (PXED) on Tuesday reported fiscal third-quarter net income of $39.2 million.
The Phoenix-based company said it had profit of $1.01 per share. Earnings, adjusted for one-time gains and costs, came to $1.43 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The provider of online higher education posted revenue of $271.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $270.4 million.
Phoenix Education expects full-year revenue of $1.02 billion.
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