Looks like DeVry found a former Apollo Group executive for the professional segment. Any ideas about what that means? And the numbers again look really bad for the "traditional segment."
Fourth quarter segment revenue decreased 21.3% to $136.3 million. Revenue at DeVry University decreased 23.0 % to $103.9 million compared to the prior year. Fourth quarter revenue at Carrington declined 15.3% to $32.3 million compared to the prior year.
Excluding special items, the segment reported an operating loss of $0.9 million for the quarter, compared to an operating loss of $1.2 million in the prior year.
DeVry University achieved $30.9 million of cost savings in the fourth quarter compared to prior year, excluding special items. Additional cost reductions are expected throughout fiscal 2018 to maintain positive segment economics.
http://investors.adtalem.com/file.aspx?IID=4183694&FID=389899051
https://www.sec.gov/Archives/edgar/data/730464/000115752317002378/a51670910ex99_1.htm