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Capella Education profit beats consensus by 31.5% in Q3

Capella Education Co. said its normalized net income for the third quarter was 82 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS increased 13.1% year over year from 72 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.6 million, a gain of 9.0% from $8.8 million in the year-earlier period.

The normalized profit margin rose to 9.1% from 8.8% in the year-earlier period.

Total revenue increased 5.8% on an annual basis to $105.9 million from $100.1 million, and total operating expenses rose 5.3% on an annual basis to $90.6 million from $86.0 million.

Reported net income grew 8.4% from the prior-year period to $9.5 million, or 81 cents per share, from $8.8 million, or 72 cents per share.