Laura Cedergreen 12:30 p.m., March 9
Bridgepoint Reports Poor Earnings, Stock Plummets
San Diego's extremely controversial for-profit college operation, Bridgepoint Education, reported disappointing first quarter sales and earnings; twenty minutes from today's (May 1) close, the stock is down 5.2% to $20.44. First quarter earnings per share of 71 cents failed to reach analysts' expectations of 76 cents. Sales were also down from analysts' forecasts. New enrollment fell 12%.