Strayer Education Inc (NASDAQ:STRA), a for-profit education provider, saw its shares edging to a new high of $75.11 thanks to sparkling 3Q earnings results. The company posted earnings and revenue figures that smashed the estimates. However, there was a hiccup with student enrollment not only in the quarter but for the fall term of 2014.
In the latest quarter, Strayer Education Inc (NASDAQ:STRA) posted a profit of $5 million, translating to earnings of $0.46 per share. However, the adjusted earnings came in at $0.37 per share. That was better than the estimate of $0.18 per share for the quarter. As for revenue, Strayer Education Inc (NASDAQ:STRA) generated $100.8 million, ahead of the estimate of $98.8 million. The company completed the quarter with $150.5 million in cash and cash equivalent.
Total student enrollment delivered a challenge for the company in the fall term. The total enrollment numbers were down 2%. However, new student enrollments edged up 5% in the period.
MPLX LP (NYSE:MPLX)’s management reaffirmed their commitment to greater value return to their investors. That means not only boosting cash distributions as they have done in the past but also booting the bottom line.
In the latest quarter, MPLX LP (NYSE:MPLX) posted a net income of $29.1 million or $0.37 per unit. That compared favorably with a net income of $21.5 million or $0.29 per unit in the same period last year. The quarter ended with adjusted Ebitda of $40.2 million, which was also better than $33.4 million last year.
MPLX LP (NYSE:MPLX) declared a cash distribution of $0.3575 per unit, signaling 20.2% improvement YoY and 4.4% QoQ.
Acadia Healthcare Company Inc (NASDAQ:ACHC) is spending $1.18 billion to acquire CRC Health Group Inc. The acquisition of CRC Health will boost the company’s substance abuse and mental health facilities. Acadia Healthcare Company Inc (NASDAQ:ACHC) said that the deal includes the assumption of CRC Health’s debt. The owners of CRC Health will get about 6.3 million shares of Acadia Healthcare as part of the acquisition deal.
If the deal with CRC Health is closed successfully, it will be the fifth for Acadia Healthcare in the last 12 month, revealing a company hungry for growth.
Acadia Healthcare Company Inc (NASDAQ:ACHC) earned $0.46 per share in the latest quarter, ahead of the estimate of $0.41. Revenue was $294.5 million, also ahead of the estimate of $284.31 million.