Career Education shares climb after quarterly earnings release

Career Education Corp. CECO, +29.37% late Monday reported it swung to fourth-quarter earnings of $142.5 million, or $2.08 a share, from a loss of $25.6 million, or 38 cents a share, a year earlier. Revenue fell 8.1% to $199.9 million. The for-profit educator said in December that it will wind down its Le Cordon Blue operations in North America after failing to reach a deal with potential investors. Shares of Career Education rallied 6.4% in after-hours trading.