Universal Technical Institute, Inc. (UTI) Misses Q2 EPS by 3c, Provides Outlook

Universal Technical Institute, Inc. (NYSE: UTI) reported Q2 EPS of ($0.06), $0.03 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $94.7 million versus the consensus estimate of $93.08 million.

2014 Outlook

Despite reporting meaningful start growth this quarter, with economic headwinds and affordability challenges persisting, we expect second half starts to be down slightly from last year. Continued expense management efforts should fund investments in the front end of the business and longer-term growth opportunities yet still lead to reductions in absolute operating expense levels both on a linked quarter basis from this quarter as well as on a year over year basis. While we expect third quarter results to be very close to break-even, we currently anticipate a stronger fourth quarter, which should lead to second half operating results being significantly better than last year's.

For earnings history and earnings-related data on Universal Technical Institute, Inc. (UTI) click here.

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