Lincoln Educational Services Corp (LINC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Lincoln Educational Services Corp (LINC) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.21. The company posted revenue of $41.90 million in the period, compared to analysts expectations of $41.57 million. The company’s revenue was down -42.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.33 EPS.

Lincoln Educational Services Corp opened for trading at $1.83 and hit $1.94 on the upside on Tusday, eventually ending the session at $1.88, with a gain of 1.08% or 0.02 points. The heightened volatility saw the trading volume jump to 13,995 shares. Company has a market cap of $45 M.

In a different news, on Jun 16, 2015, Shaun Mcalmont (CEO) sold 24,085 shares at $2.63 per share price.

Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. The Company offers recent high school graduates and working adults degree and diploma programs in five areas of study: automotive technology health sciences skilled trades hospitality services and business and information technology. The Company’s schools operate under the Lincoln Technical Institute Lincoln College of Technology Lincoln College of New England Lincoln Culinary Institute and Euphoria Institute of Beauty Arts and Sciences brand names. As of December 31 2014 the Company operated 31 campuses in 15 states. As of December 31 2014 the Company had 13278 students enrolled. As of December 31 2014 all of its schools offer diploma and certificate programs 14 of its schools are approved to offer associate’s degree programs and two schools are approved to offer bachelor’s degree programs.

Lincoln Educational Services Corp

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