Corinthian Colleges’ Stock Climb Continues
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<i> Bloomberg News</i>
Corinthian Colleges Inc. stock surged for a second day after the Santa Ana operator of for-profit career colleges posted better-than-expected earnings for the fiscal third quarter and announced its revenue and enrollments had increased.
The shares gained 16%, or $2.63, on Monday to close at $19 on the Nasdaq market. The increase, combined with the stock’s 28% gain on Friday, brought the gain to 49% in two days of trading.
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