Brief: Lincoln Educational Services Q4 EPS $0.31 from continuing operations

Lincoln Educational Services

10/03/2015 11:00

March 10 (Reuters) - Lincoln Educational Services Corp  LINC.O : 
 * Reports fourth quarter and full year 2014 results 
 * Sees FY 2015 loss per share $0.32 to $0.47 
 * Q4 revenue $85.4 million versus I/B/E/S view $87.9 million 
 * Q4 earnings per share $0.47 from continuing operations excluding items 
 * Q4 earnings per share $0.31 from continuing operations 
 * Q4 earnings per share view $0.33 -- Thomson Reuters I/B/E/S 
 * Says preliminary 2015 guidance provided 
 * Board approved plan to stop new student enrollment at its fern park campus 
   due to unprofitable operations 
 * Says anticipates completing the teach-out of campus during the first quarter 
   of 2016 
 * Revenue from continuing operations, cash flow from operations and student 
   starts for 2015 to be relatively flat 
 * Says board of directors has decided to eliminate payment of the company's 
   cash dividend for 2015 
 * Says the board believes suspending dividend will improve liquidity, increase 
   the company's cash position 
 
* Source text for Eikon  ID:nGNXVCZEOa  
 
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