Corinithian Colleges (COCO) reports new student enrollment during FQ2 fell 14.4% Y/Y to 19,760.
Total students enrolled at the end of the quarter was 77,854 vs. 87,250 a year ago.
Operating margin fell 60 bps to 3.8%.
The company provided an update on investigations by the Department of Education and state AGs in which it maintained its actions were lawful.
COCO +2.8% premarket