DeVry Bid Lower on Q4 Earnings Release

Shares of DeVry DV are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are bid $48.50, at $50.85; they ended the regular session higher by 3.23%, at $53.39. DeVry reported Q4 EPS of $1.08 on revenues of $546.7 million; the Street was looking for $1.04 per share on revenues of $545.7 million. Revenues increased 7.9% year over year. "We were not satisfied with our short-term enrollment performance this quarter as total students declined to around 119,000, but we believe in our long-term opportunities for growth," said Daniel Hamburger, DeVry's president and chief executive officer. "Recently we have been experiencing a challenging external environment characterized by a prolonged tough economy and new regulatory changes. We believe that by remaining focused on our strategy of quality and diversification, we will return to a long-term growth trend." DeVry Inc. is a provider of educational services and the parent organization of Advanced Academics, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, and Ross University.