Strayer Education Inc. said its fourth-quarter normalized net income came to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.19 per share.

EPS decreased 14.3% year over year from $1.48.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $13.7 million, a decrease of 13.9% from $15.9 million in the year-earlier period.

The normalized profit margin fell to 12.1% from 13.7% in the year-earlier period.

Total revenue decreased year over year to $113.7 million from $116.1 million, and total operating expenses climbed year over year to $91.6 million from $89.3 million.

Reported net income rose on an annual basis to $13.0 million, or $1.21 per share, from $12.9 million, or $1.20 per share.

For the year, the company's normalized net income totaled $3.87 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.72.

EPS declined 13.9% from $4.50 in the prior year.

Normalized net income was $41.6 million, a decrease of 13.2% from $47.9 million in the prior year.

Full-year total revenue fell on an annual basis to $434.4 million from $446.0 million, and total operating expenses totaled $364.3 million, compared with $364.3 million in the year-earlier period.

The company said reported net income declined 13.5% on an annual basis to $40.1 million, or $3.73 per share, in the full year, from $46.3 million, or $4.35 per share.