Dive Brief:

• DeVry Education Group’s earnings fell 15% in the last quarter, despite increases in enrollment that were based largely on acquisitions.
• The Wall Street Journal reports that DeVry released turnaround plans for its namesake university with the earnings report and expects to shift 14 campuses to online-only.
• DeVry’s profits were lower than expected — $47.1 million, down from $55.5 million at the same time last year — and after-hours stock trading reflected the exchange’s disappointment.

Dive Insight:

DeVry Education Group has faced similar struggles as other for-profit education providers being hit with stricter government regulation and greater skepticism in the market. For-profit institutions are often lumped into one basket with the most extreme examples as the poster children for the industry. Corinthian Colleges Inc. is nearly defunct following two years of forced closures and lawsuits based on its admissions practices and false reporting. It is important to remember, however, that DeVry is still making a profit. Shareholders may not be pleased that the profit is smaller than in recent years, but the company is certainly still solvent.