Corinthian Colleges Inc. (COCO) reported fiscal fourth-quarter earnings of 31 cents per share, beating the Zacks Consensus Estimate by more than 29%.

Shares have jumped more than 8% today.

Quarterly sales expanded 29% to $353.5 million, driven by a 24.4% growth in total student population to 86,088.

Meanwhile, COCO also said that it expects earnings for the fiscal year ending June 2010 between $1.30 and $1.36 per share.

The Zacks Consensus Estimate is at $1.15 per share for the fiscal year, which has moved up by 2 cents over the past month.

COCO, a Zacks #3 Rank (“Hold”) stock, is trading on extraordinarily heavy volume of 6.8 million, against the average daily volume of approximately 989,000.

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