September 2, 2004 |
Corinthian Colleges Inc. reported a 6% increase in quarterly net income Wednesday despite heavy spending on its schools and turmoil caused by a federal investigation and several lawsuits. The Santa Ana-based education company's earnings were slightly better than Wall Street's recently diminished expectations, pushing its shares up $2.64, or 23%, to $14.01 on Nasdaq. For its fiscal fourth quarter ended June 30, Corinthian earned $19.
April 29, 2004 |
K-Swiss Inc., an athletic-shoe maker that split its shares and doubled its dividend in December, cut its 2004 profit and sales forecasts after orders from Foot Locker Inc. dropped. Its shares fell 21%. K-Swiss expects to earn $1.40 to $1.50 a share this year, down from its earlier forecast of $1.50 to $1.65, on sales of $460 million to $480 million. The company reported net income of $1.32 a share on sales of $429.2 million in 2003. Shares of Westlake Village-based K-Swiss fell $5.06 to $19.
January 29, 2004
* 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.
December 17, 2003 |
U.S. stock exchanges, reacting to the recent dispute over trading in Corinthian Colleges Inc., said Tuesday that they would coordinate trading halts when there was "extraordinary market activity" in shares listed on Nasdaq. The seven markets that trade Nasdaq stocks agreed that the electronic market may halt trading in a stock if a systems failure could not be resolved within five minutes of notifying other markets.
December 6, 2003 |
Job-training specialists such as Santa Ana-based Corinthian Colleges Inc., which have enjoyed a huge run-up in their stock prices over the last three years, got a few lessons this week in the fickleness of the market. After allegations of fraud at Illinois-based Career Education Corp. surfaced Wednesday, investors took a hickory stick not only to Career -- whose stock fell 33% in two days -- but also to University of Phoenix parent Apollo Group Inc.
October 30, 2003 |
Corinthian Colleges Inc., which operates 79 trade and technical colleges in the U.S., said Wednesday that quarterly profit rose 41% and raised its guidance for fiscal 2004. The announcement sent shares of the Santa Ana-based company surging $4.76, or 8.4%, to an all-time high of $61.50 on Nasdaq. In its fiscal first quarter ended Sept. 30, net income rose to $19.4 million, or 41 cents a share, up from $13.7 million, or 30 cents, a year earlier. Revenue for the period climbed 46.3% to $169.
June 25, 2003 |
Corinthian Colleges Inc., which runs vocational and technical training schools in 21 U.S. states, agreed to buy CDI Education Corp. for $32 million in cash to expand into Canada, its third acquisition this month. Corinthian will pay $3.18 a share, a 1.9% premium over CDI's closing price on June 10, the last time it traded, Corinthian said. The Santa Ana-based company also will assume about $5 million of CDI's debt. CDI has 9.9 million shares outstanding.
June 11, 2003 |
Corinthian Colleges Inc. of Santa Ana, continuing its buying spree of vocational and technical training schools, announced two acquisitions Tuesday that would expand the company's technology and health-related divisions. Corinthian said it would pay about $56 million for Career Choices Inc. and its 10 campuses in California, Washington and Oregon, which operate under the names Sequoia Institute, Ashmead College and Eton Technical Institute.