Corinthian Colleges moves to 1Q loss

Corinthian Colleges Inc. said Tuesday that it moved to a loss in its fiscal first-quarter, burdened by impairment and severance charges, the Associated Press reports. The education company also gave a full-year earnings forecast above analysts’ expectations. Corinthian lost $9.6 million, or 11 cents per share, in the quarter. That compares with a profit of $33.1 million, or 38 cents per share, a year earlier. Excluding $9.9 million in charges, its loss was 4 cents per share. Analysts polled by FactSet expected a loss of 2 cents per share…

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