DeVry jumps to three-year highs after results beat expectations

DeVry (DV +14.6%) shares jump to their highest levels in nearly three years after the for-profit educator's FQ3 earnings and revenue both fell Y/Y but topped Wall Street expectations.

CEO Daniel Hamburger says DV continued to make progress during Q1 with its turnaround efforts, including slowing the rate of decline in new student enrollment and reducing dropouts along with its cost-cutting initiatives.

Total undergraduate students at the university fell 10.4% Y/Y, but enrollment improved from the previous session.

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