For-profit education provider Apollo Education's quarterly profit plunged nearly 66 percent as student enrollments fell.
New degreed enrollments at Apollo's flagship University of Phoenix fell 5 percent to 39,600 in the first quarter.
Net income attributable to Apollo fell to $33.8 million, or 31 cents per share, in the quarter ended Nov. 30 from $98.9 million, or 87 cents per share, a year earlier.
Excluding items, the company earned 44 cents per share.
Revenue fell 15.2 percent to $719.1 million.