BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Thursday reported fourth-quarter profit of $26 million.

The Baltimore-based company said it had net income of 15 cents per share. Losses, adjusted to account for discontinued operations, came to 2 cents per share.

The for-profit higher education purveyor posted revenue of $296.7 million in the period.

For the year, the company reported net income of $192.4 million, or $1.01 per share, swinging to a profit in the period. Revenue was reported as $1.09 billion.

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