American Public Education Reports Q4 EPS of $0.52 vs. $0.47

American Public Education, Inc. APEI announced financial results for the quarter and year ended December 31, 2010. Total revenues for the fourth quarter of 2010 increased 29% to $56.3 million, compared to total revenues of $43.7 million in the fourth quarter of 2009. Net income for the fourth quarter of 2010 increased 14% to $9.6 million or $0.52 per diluted share, which includes $386,000 or $0.02 per diluted share in stock-based compensation expense net of tax.