Capella Profit Jumps 54% for Online EnrollmentOctober 27, 2016 | :
by Evan Ramstad
Capella Education Co. shares rose 12 percent Tuesday after the company’s third-quarter results beat expectations and executives said they expect it will finish the year more strongly than previously forecast.
Minneapolis-based Capella said it earned $12.6 million in the July-to-September period, up from $8.2 million a year ago. Adjusted to account for continuing operations, the company earned 81 cents a diluted share, well above the 62 cents a share that was the consensus forecast of analysts.