Corinthian Colleges Reports Q2 EPS of $.23 vs. $.22

Corinthian Colleges, Inc. COCO reported financial results today for the second quarter ended December 31, 2010. The company took a $206.0 million impairment, facility closing and severance charge in the second quarter. Net revenue was $482.8 million versus $414.3 million, up 16.5%. Net loss was $163.7 million, including the charge, compared with net income of $39.4 million. Excluding the charge, net income was $19.1 million. Diluted loss per share was ($1.94) versus diluted earnings per share of $0.44. Excluding the charge, diluted earnings per share were $0.23.