Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (3351)	1/30/2001 11:52:43 AM
From: Jenna	Respond to of 6445

MTSN.. moving up nicely from Monday Evening Post ---> Message 15265961

To: Jenna who wrote (3351)	1/30/2001 11:53:39 AM
From: Jenna	Read Replies (3) \| Respond to of 6445

EDMC in the footsteps of COCO? check it out! Earnings came out at 10;00 this morning. Education Management Corporation Reports Fiscal 2001 Second Quarter and Six Month Financial Results - Quarterly Net Income Increases 26% - PITTSBURGH, Jan. 30, 2001 (PRIMEZONE) -- Education Management Corporation (Nasdaq:EDMC - news) today reported its financial results for the second quarter ended December 31, 2000. Net revenues for the second quarter of fiscal 2001 increased by 18.5% to $103.1 million, compared with $87.0 million in the second quarter of fiscal 2000. Net income for the quarter grew 26.1% to $14.5 million, or $.47 per diluted share, as compared to $11.5 million, or $.39 per diluted share, in the corresponding period last year. For the six months ended December 31, 2000, net revenues rose 18.8% to $175.7 million, compared with $147.9 million, for the applicable six-month period last year. Net income for the first six months of fiscal 2001 increased 26.0% to $15.7 million, or $0.51 per diluted share, as compared to $12.5 million, or $0.42 per diluted share, for the same period last year. Revenue growth in the second quarter resulted from a 14.3% increase in student enrollment and an average increase in tuition rates of approximately 6% over last year. Total student enrollment at the Company's schools in the second quarter of fiscal 2001 was 27,999 compared to 24,502 last year.