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Career Education Tops Estimates, Hits High.(B)(NASDAQ STOCKS IN THE NEWS)

Investor's Business Daily

| February 04, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Christina Wise

Career Education shot out of a seven-week consolidation Friday, notching a new closing high.

The move came after the for-profit, post-secondary education chain weighed in with fourth-quarter earnings of 42 cents a share. That topped the 39 cents the Street was expecting and the 28 cents it earned during the same time last year.

But it was the firm's second straight quarter of earnings growth deceleration. In all, earnings growth has fallen from 57% to 55% to a still-respectable 50%. Analysts expect first-quarter profit to rise 43%.

Sales growth has also slowed slightly in the last three quarters, ...

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