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DeVry (DV) lowers its FQ4 earnings forecast, now seeing EPS of $0.43-$0.46 on revenue of...

DeVry (DV) lowers its FQ4 earnings forecast, now seeing EPS of $0.43-$0.46 on revenue of $500M-$510M vs. consensus EPS estimates of $0.78 on revenue of $516M. Management blames the shortfall on the increased use of scholarships awarded to students in its May and July classes and higher than anticipated operating costs. Shares are getting pounded, -21% AH.
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