Career Education's (CECO) Q3 falls wide of the mark on a sharp drop in new student enrollment. The company reports an EPS of $0.15 on revenue of $431M, well below consensus expectations for an EPS of $0.34 on revenue of $457M. Additionally, the company announces its CEO Gary McCullough has resigned and appoints Chairman Steve Lesnik to the post.
CECO is getting hammered, down 6.38 to 9.57 (-40%)
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