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DeVry Education Group (DV) Stock Advances on Q4 Beat

NEW YORK (TheStreet) -- Shares of DeVry Education Group (DV) were jumping 13.86% to $24.98 in late-afternoon trading on Friday as the educational services provider posted 2016 fourth quarter earnings and revenue that exceeded analysts' projections.

After yesterday's closing bell, DeVry reported earnings of 65 cents per share, above consensus estimates of 60 cents per share. Revenue came in at $471.7 million, surpassing Wall Street's forecasts of $461.9 million.

In the 2015 fourth quarter, the company posted earnings of 38 cents per share and $441.4 million in revenue.

The number of new students who enrolled in 2016 fell...