Capella Education Co. said Tuesday its first-quarter net profit rose 14 percent as key enrollment indicators for its online university increased.

Capella said it earned $10 million, 80 cents a share, up from $8.8 million, or 71 cents a share, a year ago.

Analysts expected a profit of 82 cents a share. The company's shares tumbled 10.6 percent, continuing a record of volatile swings, which have happened upward as well as downward, on earnings news.

Revenue was $109.1 million, up 3.3 percent.

Active enrollment at its Capella University service rose 4.6 percent to 37,536, and new enrollment rose 15.3 ­percent from a year ago.

The company forecast similar growth in the second quarter. It said it expects total enrollment to grow in a range of 3.5 to 4.5 percent and revenue to rise about 2.5 to 3.5 percent.