Capella Down To Underperform
We have downgraded our rating on Capella Education Company (NASDAQ:CPLA) from Neutral to Underperform on a weak outlook for the year. Capella’s first-quarter 2012 earnings of 82 cents per share were down approximately 15% from adjusted earnings of 97 cents per share in the first quarter of 2011 due to top-line and margin decline. However, [...]
We have downgraded our rating on Capella Education Company (NASDAQ:CPLA) from Neutral to Underperform on a weak outlook for the year.
Capella’s first-quarter 2012 earnings of 82 cents per share were down approximately 15% from adjusted earnings of 97 cents per share in the first quarter of 2011 due to top-line and margin decline. However, the first quarter earnings surpassed the Zacks Consensus Estimate of 78 cents. Quarterly revenues of $109.4 million fell 1.8% from $111.4 million in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards