UPDATE: ITT stock soars after earnings report

Stock in ITT Educational Services Inc. shot up 8.4 percent this morning, to $91.80 a share, after reporting today that first-quarter profit rose 35 percent.

The $27.6 million in net income came on a nearly 16-percent increase in revenue, to $204.2 million.

The Carmel technology-oriented post-secondary school attributed the gains partly to improved student retention.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.