UPDATE: ITT stock soars after earnings report

April 26, 2007

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.

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