Corinthian Colleges Inc

* Corinthian Colleges Inc., a Santa Ana-based operator of colleges and schools in the U.S. and Canada, said second-quarter net income rose 36% to $21.9 million, or 47 cents a share, from $16.1 million, or 35 cents, a year earlier. Revenue climbed 58% to $200.6 million.

For-profit education company Corinthian Colleges Inc. reported slightly lower quarterly profit, citing a loss from the sale of some schools, and said full-year earnings should come in at the low end of its previous forecast. The Santa Ana-based company, which has scrambled to retain students after Sallie Mae said it would stop providing private loans, said it now required most students to make monthly cash payments. It also has established a lending program and is working with third-party lenders to secure additional funds for students.

Corinthian Colleges Inc., which operates colleges in the U.S. and Canada, said it would begin closing 10 Canadian campuses over the next year to reallocate its resources and expand other sites in that country.

Corinthian Colleges Inc., the for-profit provider of post-secondary education, said Tuesday that its fiscal second-quarter profit tripled. However, the company also reduced its earnings forecast as it braced for student loan cutbacks. Net income rose to $8.11 million, or 10 cents a share, from $2.58 million, or 3 cents, a year earlier, the Santa Ana-based company said. Revenue for the quarter ended Dec. 31 increased 16% to $272.6 million. Corinthian and other education companies are preparing for a halt in lending by SLM Corp.

Corinthian Colleges Inc., Santa Ana operator of 43 private colleges in 17 states, said Tuesday it acquired Georgia Medical Institute, which consists of three campuses in the Atlanta area. Financial terms were not disclosed.

Corinthian Colleges Inc. stock surged for a second day after the Santa Ana operator of for-profit career colleges posted better-than-expected earnings for the fiscal third quarter and announced its revenue and enrollments had increased. The shares gained 16%, or $2.63, on Monday to close at $19 on the Nasdaq market. The increase, combined with the stock's 28% gain on Friday, brought the gain to 49% in two days of trading.

Santa Ana-based Corinthian Colleges Inc., one of the nation's largest operators of private vocational schools and colleges, said it has completed its acquisition of closely held Educorp Inc., which operates four Los Angeles-area campuses. In regulatory documents, Corinthian put the price at about $12 million for the campuses, which offer certificates, diplomas and degrees primarily in health programs.

Corinthian Colleges Inc., the Santa Ana owner of private colleges nationwide, said Thursday it will split its stock 2 for 1, with the new shares issued Dec. 15 to shareholders of record Nov. 30. The split will double the number of shares to 23 million while cutting the value of each share in half. Corinthian's stock price, which has quadrupled since April, lost $1.88 Thursday to close at $65.63 a share.

Shares of Corinthian Colleges Inc. plunged Tuesday after the operator of career training schools said Sallie Mae and two other lenders halted private loans for students with higher credit risks. High risk, or sub-prime, loans accounted for about 75% of Corinthian's student loan portfolio in the fiscal year ended June 30, the Santa Ana-based company said in a regulatory filing. Corinthian's stock suffered its biggest drop in more than three years on the news, falling $3.34, or almost 31%, to $7.

Higher education company Corinthian Colleges Inc. said quarterly profit rose 39% as the number of new students increased. Corinthian also said earnings for the 2008 fiscal year would come in at the high end of its previous forecast. The Santa Ana-based company reported fiscal first-quarter net income of $1.95 million, or 2 cents a share, compared with $1.4 million, or 2 cents, a year earlier.

Corinthian Colleges Inc., an operator of 126 schools in the U.S. and Canada, was subpoenaed by the federal government for documents from a Florida campus. The company's stock fell the most in more than two years of Nasdaq trading. The Education Department's inspector general served a search warrant on the National School of Technology campus in Fort Lauderdale, Corinthian said in a regulatory filing. The Santa Ana-based company said it didn't know what prompted the investigation.

Education company Corinthian Colleges Inc. of Santa Ana posted a loss for its fiscal fourth quarter, citing costs from closing some facilities. The net loss was $8.76 million, or 10 cents a share, contrasted with profit of $8.7 million, or 10 cents, a year earlier. Revenue increased 4.2% to $234.9 million.

Corinthian Colleges, one of the nation's largest vocational school chains, has agreed to pay $6.5 million to settle a lawsuit alleging that the chain engaged in unlawful business practices by exaggerating its record of placing students in well-paying jobs. The company, based in Santa Ana and operating under the names Bryman College, Everest Colleges, Titan Schools Inc.

A senior official in the California attorney general's office said Monday that the state would sue Corinthian Colleges by the end of the month if the large trade school chain does not agree to settle allegations that it misled prospective students by exaggerating its ability to place them in good-paying jobs. Al Shelden, senior assistant attorney general of the Consumer Law Section, spoke in an interview Monday just hours after Rep.

Corinthian Colleges Inc., the operator of 127 for-profit schools in the U.S. and Canada, named director Terry O. Hartshorn chairman to replace founder David G. Moore, who retired effective Friday. Hartshorn, 61, has been an independent director since September 2005, Corinthian said. Moore, 68, will continue as a member of the company's board, the Santa Ana-based company said. Corinthian shares fell 20 cents to $13.49.