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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, ...