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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%.
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%.