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More on Career Education (CECO): Q1 easily beats estimates on a one time insurance benefit,...

More on Career Education (CECO): Q1 easily beats estimates on a one time insurance benefit, masking an 18% Y/Y decline in total revenue. Operating margins decreased by nearly half to 10.7% from 20.5% in the prior-year period. Q1 Total student population was 95,900 versus 117,200 a year ago, and total new student starts were 23,090 versus 31,830 the prior-year period. Shares +5.7% AH.
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