Brief: Lincoln Educational Services Corp Reports Quarterly Loss Per Share Of $0.02

Lincoln Educational Services

07/11/2018 13:30

Nov 7 (Reuters) - Lincoln Educational Services Corp
 LINC.O :
    * ORATION CONTINUES STUDENT START GROWTH ON SAME SCHOOL
BASIS;
RAISES 2018 GUIDANCE AND EXPECTS TO ACHIEVE POSITIVE NET INCOME
FOR 2019
    * QUARTERLY LOSS PER SHARE $0.02
    * Q3 REVENUE ROSE 4.1 PERCENT TO $70.1 MILLION
    * QTRLY REVENUE ON A SAME SCHOOL BASIS INCREASED 7.1PCT, OR
$4.6
MILLION
    * EXPECTS STUDENT STARTS FOR 2018 TO INCREASE BY 5PCT TO
7PCT,
COMPARED TO PRIOR YEAR EXCLUDING TRANSITIONAL SEGMENT
    * EXPECTS FY REVENUE TO INCREASE BY 3PCT TO 6PCT, COMPARED
TO
PRIOR YEAR EXCLUDING TRANSITIONAL SEGMENT
    * OPERATING INCOME FOR 2018 IS NOW EXPECTED TO RANGE BETWEEN
$3
MILLION AND $1 MILLION EXCLUDING TRANSITIONAL SEGMENT
    * EXPECTS TO ACHIEVE NET INCOME IN 2019
    * QTRLY TOTAL STUDENT STARTS INCREASED BY 4.7PCT
    * TO TEACH-OUT AND CLOSE LINCOLN COLLEGE OF NEW ENGLAND
CAMPUS AT
SOUTHINGTON, CONNECTICUT BY DECEMBER 31, 2018

Source text for Eikon:  ID:nGNX76skkc 
Further company coverage:  LINC.O 

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