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Holly LaFon
Holly LaFon
Articles (5749) 

Baron Funds Comments on DeVry Inc.

May 24, 2012 | About:

The stock price of DeVry, Inc. (NYSE:DV), a provider of diversified postsecondary education emphasizing business, technology and healthcare, declined 11.9% after reporting that it missed both top- and bottom-line estimates in the fourth quarter. DeVry also lowered 2012 guidance, and now anticipates an earnings decline year over year. DeVry's enrollment softened, due to continued economic weakness and disruptions sustained as it adapts to regulatory changes. Long term, we remain positive on DeVry given its solid history of graduate placement and its focus on areas that should experience sustainable job creation. (Susan Robbins)


Rating: 2.0/5 (4 votes)

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