ITT Reports Mixed Profit, Enrollment Results

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Carmel-based ITT Educational Services is reporting second quarter net income of $20.9 million, down from $46 million for the same period the previous year. The for-profit education provider says new student enrollment increased 7.5 percent during the quarter, while total enrollment dropped 11.7 percent.

Carmel, Ind. — ITT Educational Services, Inc. (NYSE: ESI), a leading provider of technology-oriented postsecondary degree programs, today reported that new student enrollment in the second quarter of 2013 increased 7.5% to 16,883 compared to 15,698 in the same period in 2012. Total student enrollment decreased 11.7% to 58,617 as of June 30, 2013 compared to 66,397 as of June 30, 2012.

You can view the full earnings release by clicking here.