Shares of Education Management (EDMC) shoot higher, up 6.1% on the open, after beating estimates...

|About: Education Management Corp... (EDMC)|By:, SA News Editor

Shares of Education Management (EDMC) shoot higher, up 6.1% on the open, after beating estimates with its FQ1 report. Enrollment fell off 4.5% Y/Y to 151K students, but the company says it expects an improving enrollment trend for 2012. EPS guidance for FY12 is issued at $1.34-$1.40, with capital expenditures projected to fall in at 4.5%-5.5% of revenue.