Operating margin increased 70 basis points (bps) to 6.4%. ITT Educational also posted its outlook for 2015.
The company expects new student enrollments to decline year-over-year in the range of 10% to 15%.
Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be in the range of $90 million and $110 million.
ESI stock is down 11.78% Wednesday.