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Bridgepoint Education's 4Q revenue, enrollment down

San Diego-based Bridgepoint Education Inc. (NYSE: BPI) has announced its financial results for its fourth quarter and full year ending Dec. 31, 2013.

Bridgepoint reported in the fourth quarter ending Dec. 31, 2013, revenues of $163.5 million compared to $209.4 million for the same period in 2012.

The postsecondary education services company also reported an operating loss of $11.9 million, compared to operating income of $28.9 million for the same period in 2012; loss per common share of $0.12, compared to gains per common share of $0.33 for the same period in 2012; legal accrual of $9.0 million because of increased general and administrative expenses; and an after-tax impact of $0.10 on fully diluted earnings.

For the full year of 2013, Bridgepoint reported total student enrollment at 63,624, compared to 81,810 in 2012; revenue of $768.6 million, compared to $968.2 million for 2012; operating income of $60.4 million, compared to $195.5 million for 2012; net income of $41.0 million, compared to net income of $123.4 million for 2012; and earnings per common share of $0.74 compared to $2.21 for 2012.

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