Lincoln Educational Services Corp. (LINC) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $4 million, or $0.13 per share. This compares with $2.1 million, or $0.07 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.8% to $114.410 million from $99.618 million last year.
Lincoln Educational Services Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $4 Mln. vs. $2.1 Mln. last year.
-EPS (Q3): $0.13 vs. $0.07 last year.
-Revenue (Q3): $114.410 Mln vs. $99.618 Mln last year.
-Guidance:
Full year revenue guidance: $430-$435 Mln
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