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CORINTHIAN COLLEGES INC. /Santa Ana, California For-Profit College's Stock Plunge Shakes Street.(THE NEW AMERICA)
Byline: Amy Reeves
In the down market, education stocks seemed to be one of the few safe havens for investors.
While other sectors stumbled, for-profit colleges kept beating views and raising forecasts.
So quite a chill ripped through the market Friday when Corinthian Colleges Inc. saw its stock plunge some 29% in extremely heavy trading. It currently trades as COCO near 39, down from 55 early last week.
What happened?
On the surface, not much. After Thursday's close, Corinthian released an earnings report, for the fiscal fourth quarter ended June 30, that beat views by a penny a share.
Revenue for the quarter was up 44% over a year earlier to $66.4 million. Profit rose 54% to 34 cents a share.
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- Press release article from: PR Newswire May 20, 1999 700+ words
...Sallie Mae (NYSE: SLM) and Corinthian Colleges Inc. (Nasdaq: COCO) announced...financing program for students. Corinthian Colleges, headquartered in Santa Ana...chief executive officer of Corinthian Colleges, said, "We are excited...
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...trading activity today of Corinthian Colleges, Inc. . At approximately...Eastern Time (ET), Corinthian Colleges began trading from $57...NASDAQ immediately contacted Corinthian Colleges to determine if there was...
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- Press release article from: PR Newswire January 9, 2004 700+ words
...stellar performance achieved by Corinthian Colleges, Inc. has led two periodicals...Orange County Register named Corinthian Colleges, Inc. its Company of the...student population when it named Corinthian Colleges, Inc., its Company of the...
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- Press release article from: PR Newswire August 2, 2004 700+ words
...to Newly Created Position Corinthian Colleges, Inc. , one of the largest...executive officer and chairman of Corinthian Colleges. He brings more than 15 years...s caliber and experience. Corinthian Colleges now has the most exciting...
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...PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. today announced that...its third fiscal quarter. Corinthian Colleges previously announced the planned...students and employees." About Corinthian Colleges, Inc. Corinthian Colleges...
- Corinthian Colleges, Inc. in $30 Million Acquisition of 18 Schools From...
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Acquisition Makes Corinthian Colleges Nation's Largest Privately...Oct. 17 /PRNewswire/ -- Corinthian Colleges, Inc. (CCi), owner of...corporately re-structured. Corinthian Colleges, Inc., is now the parent...
- Corinthian Colleges, Inc.
- Reference information from: International Directory of Company Histories January 1, 2001 700+ words
Corinthian Colleges, Inc. 6 Hutton Center Drive...Universities, and Professional Schools Corinthian Colleges, Inc. is one of the largest companies...earned in some Rhodes programs. Corinthian Colleges strives to place its graduates...
- Corinthian Colleges Holds 2003 Annual Meeting.
- Press release article from: PR Newswire November 20, 2003 700+ words
...today's Annual Meeting of Stockholders of Corinthian Colleges, Inc. , the company re-elected two members...lobbying firm, from 1995 to June 2002. About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of the largest post-secondary...