DeVry falls after earnings miss estimates

Oakbrook Terrace-based DeVry Inc., the owner of for-profit technical schools and colleges, fell the most six weeks in New York trading after fiscal fourth-quarter earnings fell short of analyst estimates. The company, in a statement released after the close of trading Thursday, reported net income for the quarter ended June 30 of $24.6 million, or 34 cents a share, less than the average of 38 cents estimated by 15 analysts surveyed by Bloomberg. DeVry fell $4.16, or 7.5 percent, to $51.14 at 10:11 a.m. after reaching as low as $49.82 earlier in the day.