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Bridgepoint Education (BPI) soars 26% AH as Ashford University gets initial accreditation from...

Bridgepoint Education (BPI) soars 26% AH as Ashford University gets initial accreditation from WASC whose visiting team noted that the institution "has been fundamentally transformed and [the] culture has … shift[ed] from a market driven approach to an institution committed to student retention and success." BPI also says it has "made operating cost reductions" which should eventually result in "annualized labor and operational cost savings" of ~$85M. Finally, BPI sees Q2 EPS of $0.16-0.20 on revenue of $195.5M-199.5M including a $6.2M severance related charge. (PR)
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