National Education Corp.
The Irvine company had a first-quarter net loss of $2.94 million, equal to 10 cents per share, on revenue of $77 million compared to a net loss of $4.34 million, or 14 cents, on revenue of $83 million for the same period in 1993.
Jerome Cwiertnia, president and chief executive, blamed the loss on the previously announced closure of 14 of the company’s post-secondary career schools.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
