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.
by RTTNews Staff Writer
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