Capella Education Co. said its normalized net income for the first quarter was 83 cents per share, compared with the S&P Capital IQ consensus estimate of 83 cents per share.
EPS increased 11.1% year over year from 75 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.4 million, a gain of 10.0% from $9.5 million in the year-earlier period.
The normalized profit margin increased to 10.4% from 9.0% in the year-earlier period.
Total revenue increased on an annual basis to $109.1 million from $105.6 million, and total operating expenses rose from the prior-year period to $92.3 million from $90.5 million.
Reported net income rose 13.1% on an annual basis to $10.0 million, or 80 cents per share, from $8.8 million, or 70 cents per share.
