Career Education's (NASDAQ:CECO) Q3 falls wide of the mark on a sharp drop in new student...

Career Education's (NASDAQ:CECO) Q3 falls wide of the mark on a sharp drop in new student enrollment. The company reports an EPS of $0.15 on revenue of $431M, well below consensus expectations for an EPS of $0.34 on revenue of $457M. Additionally, the company announces its CEO Gary McCullough has resigned and appoints Chairman Steve Lesnik to the post.