WEB NEWS Comments & Business Outlook
1st Quarter Fiscal 2010 Guidance Ending September a
1st Quarter 2010 Guidance 1st Quarter 2009 Reported Period Change
GAAP Revenue
$375.0 to $385.0 million
$289.6 million
29.5% to 32.9%
GAAP EPS
$0.26 to $0.29
$0.07
271.4% to 7.4%
Source: PR Newswire (August 25, 2009 )
FULL YEAR 2010 Guidance Ending June a
Full Year 2010 Guidance Full Year 2009 Reported Period Change
GAAP Revenue
$1.58 to $1.60 billion
$1.31 billion
18.3% to 22.3%
GAAP EPS
$1.30 to $1.36
$0.81
60.5% to 67.9%
Source: PR Newswire (August 25, 2009 )
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.
Comments & Business Outlook
'Our strong third quarter results reflect the continued progress of our business initiatives as well as some favorable impact from the recession,' said Jack Massimino, Corinthian's chairman and chief executive officer. 'We have now reported increased start growth for twelve consecutive quarters, and the resulting rise in student population is leveraging fixed costs. In addition, increased marketing effectiveness and lower advertising costs are producing higher quality, less expensive leads. Given all of these factors, we achieved significant operating margin expansion in the quarter and raised previously issued earnings guidance for the balance of the fiscal year.'
FULL YEAR 2009 Guidance Ending June a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$1.295 to $1.30 billion
$1.07 billion
21.0% to 21.5%%
GAAP EPS b
$0.77 to $0.79
$0.39
97.4% to 1.03%
Source: See Release , April 30, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.
Comments & Business Outlook
Guidance Report
2009 Revenue Guidance
2008 Revenue
Period Change in Revenue
2009 EPS Guidance
2008 EPS
Period Change in EPS
$1.26 - $1.27 billion
$1.07 billion
17.76% to 18.69%
$0.66 - $0.70
$0.39
69.23% to 79.49%
EPS Figures pertains solely to continuing operations, includes stock-based compensation expense and excludes any one-time charges.
'Although difficult to quantify, current trends indicate that the recession has helped increase marketing leads and student enrollment,' Massimino continued. 'As unemployment rises, more people seek post-secondary education and training. In addition, the proposed economic stimulus bills under consideration by President Obama and Congress include increased funding for post-secondary students, the unemployed, and dislocated workers. If implemented, we believe these measures could benefit current and prospective students and the Company.'
Source: PR Newswire (February 3, 2009 )
