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Universal Technical Institute Inc Q4 Profit Advances, Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Universal Technical Institute Inc (UTI) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $18.84 million, or $0.34 per share. This compares with $3.40 million, or $0.10 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.3% to $196.4 million from $170.3 million last year.

Universal Technical Institute Inc earnings at a glance (GAAP) :

-Earnings (Q4): $18.84 Mln. vs. $3.40 Mln. last year.
-EPS (Q4): $0.34 vs. $0.10 last year.
-Revenue (Q4): $196.4 Mln vs. $170.3 Mln last year.

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