DeVry Inc.(NYSE:DV) Gapped Up On Earnings Beat - DV, EDR, EMN, EXPE, IM

DeVry Inc.(NYSE:DV) shares gained 25.50% to $26.12 in the opening session after the company posted well above analysts’ estimate profit . For the first quarter, the company posted net income of $31.99 million or $0.49 per share, from $57.48 million or $0.83 per share in the year-ago quarter. Total revenue for the quarter declined 7% to $482.74 million from $519.04 million in the same period last year. Analysts expected the company to earn $0.30 per share on revenue of $482.67 million.

Education Realty Trust, Inc.(NYSE:EDR) reported third-quarter net income of $0.5 million or $0.00 per share, compared to a net loss of $6.5 million or $0.09 per share in the comparable quarter last year. Funds from operations, or FFO, for the quarter was $4.2 million or $0.04 per share, compared to the year-ago FFO of $499 thousand or $0.01 per share. Core FFO for the latest quarter was $5.9 million or $0.06 per share, compared to $2.4 million or $0.03 per share last year. Total revenues for the latest quarter rose to $34.50 million from $27.91 million in the same quarter last year. Analysts expected the company to earn $0.12 per share on revenues of $32.64 million for the quarter.

Eastman Chemical Company(NYSE:EMN) announced earnings from continuing operations of $1.57 per diluted share for third quarter 2012 versus $1.26 per diluted share for third quarter 2011.  Reported earnings from continuing operations were $0.99 per diluted share in third quarter 2012 and $1.22 per diluted share in third quarter 2011.

The company announced that it has completed its Saflex Q series advanced acoustic polyvinyl butyral (PVB) extrusion line in Ghent, Belgium. The facility produces multi-layer rolls of Saflex® Q series sheet for automotive applications.

Expedia Inc(NASDAQ:EXPE) stock increased 16.49% to $59.70 after the company’s third-quarter profit dropped to $171.5 million or $1.20 per share from $209.5 million or $1.22 per share last year. Adjusted earnings rose to $1.32 per share from $1.28 per share a year ago. Income from discontinued operations for the quarter was $1.5 million compared to $38.6 million last year. Third-quarter revenues grew 17 percent to $1.20 billion from $1.02 billion last year. Analysts expected earnings of $1.26 per share on revenues of $1.17 billion for the quarter.

Ingram Micro Inc.(NYSE:IM) reported third-quarter net income of $53.3 million or $0.35 per share, as compared to $23.3 million or $0.15 per share in the year-ago comparable quarter. Net sales for the latest quarter increased 1% to $9.03 billion from $8.90 billion last year. Analysts expected the company to earn $0.38 per share on revenues of $8.78 billion for the quarter.

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