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Bridgepoint stock jumps, but earnings disappoint

Spending dropped 15 percent as enrollments went down

Stock of troubled Bridgepoint Education leapt 34.19 percent yesterday (March 9) to $9.09 after the earnings report issued the day before. However, 2015 earnings and revenue dropped sharply compared with 2014. Analysts say the results beat some Wall Street expectations.

The for-profit university lost $70.4 million ($1.54 a share) last year. In 2014, the company had positive earnings of 21 cents a share. Last year's revenue of $561.7 million dropped $77 million (12.1 percent) from 2014. In the fourth quarter, revenue dropped from $147.3 million in 2014 to $131.4 million last year. Net loss widened last year to $6.7 million from $5.2 million.

School enrollment declined 12 percent last year, but the rate of decline diminished sharply from quarter to quarter. The fourth quarter was down just 1.6 percent compared with the third quarter. The company decreased spending by 15 percent last year from 2014's level.

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Stock of troubled Bridgepoint Education leapt 34.19 percent yesterday (March 9) to $9.09 after the earnings report issued the day before. However, 2015 earnings and revenue dropped sharply compared with 2014. Analysts say the results beat some Wall Street expectations.

The for-profit university lost $70.4 million ($1.54 a share) last year. In 2014, the company had positive earnings of 21 cents a share. Last year's revenue of $561.7 million dropped $77 million (12.1 percent) from 2014. In the fourth quarter, revenue dropped from $147.3 million in 2014 to $131.4 million last year. Net loss widened last year to $6.7 million from $5.2 million.

School enrollment declined 12 percent last year, but the rate of decline diminished sharply from quarter to quarter. The fourth quarter was down just 1.6 percent compared with the third quarter. The company decreased spending by 15 percent last year from 2014's level.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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