For-profit educator DeVry Inc. (DV) late Thursday posted mixed fiscal fourth quarter earnings results, as one-time costs sent its profit down 89%.
The Downers Grove, IL-based company reported fiscal fourth quarter net income of $8.09 million, or 12 cents per share, compared with $75.2 million, or $1.08 per share, in the year-ago period. Excluding special items, adjusted profit was 47 cents per share.
Revenue fell 7.5% from last year to $505.9 million.
On average, Wall Street analysts expected a slightly smaller profit of 46 cents per share, on higher revenue of $508.4 million.
DeVry shares fell 13 cents, or -0.7%, in premarket trading Friday.
The Bottom Line
Shares of DeVry (DV) have a 1.51% dividend yield, based on last night’s closing stock price of $19.87. The stock has technical support in the $15-$17 price area. If the shares can firm up, we see overhead resistance around the $26-$27 price levels.
DeVry Inc. (DV) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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