Sterne Agee Raising Estimates On DeVry (DV)

Sterne Agee has a Neutral rating on shares of DeVry DV after it reported earnings yesterday, and is raising 2011 estimates based off the report. In a note to clients Sterne Agee writes, "We are lowering our FY11 revenue slightly to $2.2B from $2.22B but raising our EPS estimate to $4.57 from $4.50 to reflect the 2Q upside. Our 3Q/4Q EPS estimates of $1.25/$1.04 are unchanged. Also, our FY12 EPS estimate of $4.93 is unchanged."