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Capella Education profit beats consensus by 19.0% in Q2

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Capella Education profit beats consensus by 19.0% in Q2

Capella Education Co. said its second-quarter normalized net income amounted to $1.03 per share, compared with the S&P Capital IQ consensus estimate of 86 cents per share.

EPS rose 12.9% year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.2 million, an increase of 8.1% from $11.3 million in the year-earlier period.

The normalized profit margin climbed to 11.4% from 10.8% in the year-earlier period.

Total revenue increased on an annual basis to $106.7 million from $104.6 million, and total operating expenses came to $87.3 million, compared with $86.5 million in the year-earlier period.

Reported net income decreased on an annual basis to $11.0 million, or 93 cents per share, from $11.2 million, or 90 cents per share.