Nov 4th, 2009 - Boston
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HOFFMAN ESTATES, Ill.—Trade schools operator Career Education Corp. said Wednesday it climbed to a profit in the third quarter on rising revenue from record-high enrollment and number of new students.
The company's stock price climbed more than 12 percent in after-hours trading.
People sought refuge from the recession in the company's career-oriented programs focused on culinary arts, health education, arts and design as the downturn kept unemployment high. CEO Gary McCullough said the company reached the "highest levels of new student starts and student population in our company's history."
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