Corinthian Colleges Inc.
The Santa Ana company, one of the nation’s largest operators of private vocational schools and colleges, posted record profits and revenue for the fiscal second quarter, a reflection of increases in the number of students on its campuses as well as higher average tuition rates.
Net income for the three months ended Dec. 31 increased 69% to $6.6 million, or 30 cents a share, from $3.9 million, or 19 cents a share, a year ago. Revenue increased 44% to $60.8 million.
Student population at the end of the quarter was up 35.4% over student totals a year earlier. The average tuition rate per student rose 11.9% in the second quarter, Corinthian said.
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