Capella Education Co. said its normalized net income for the fourth quarter was $1.13 per share, compared with the S&P Capital IQ consensus estimate of 96 cents per share.
EPS rose year over year from $1.10.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $13.6 million, compared with $13.7 million in the year-earlier period.
The normalized profit margin increased to 13.4% from 12.7% in the year-earlier period.
Total revenue totaled $109.5 million, compared with $108.4 million in the year-earlier period, and total operating expenses climbed year over year to $89.8 million from $88.1 million.
Reported net income fell 6.0% from the prior-year period to $11.6 million, or 96 cents per share, from $12.4 million, or 99 cents per share.
For the year, the company's normalized net income totaled $3.51 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.26.
EPS declined from $3.58 in the prior year.
Normalized net income was $43.2 million, a fall from $44.9 million in the prior year.
Full-year total revenue rose 5.4% from the prior-year period to $430.3 million from $408.2 million, and total operating expenses rose 7.5% on an annual basis to $363.2 million from $338.0 million.
The company said reported net income decreased year over year to $40.2 million, or $3.27 per share, in the full year, from $41.9 million, or $3.34 per share.