Lincoln Educational Services (LINC) Misses Q3 EPS by 28c; Lowers Guidance and Dividend
Lincoln Educational Services (NASDAQ: LINC) reported Q3 EPS of ($0.18), $0.28 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $123.5 million versus the consensus estimate of $125.65 million.
Lincoln Educational Services sees FY2011 EPS of $0.70-$0.76, versus the consensus of $1.07. Lincoln Educational Services sees FY2011 revenue of $510-$520 million, versus the consensus of $516.48 million.
(Due to lower revenue and profitability in 2011, the Board of Directors has decided to reduce our quarterly dividend and has declared a cash dividend of $0.07 per share for the fourth quarter of 2011. The dividend is payable on December 30, 2011 to shareholders of record on December 15, 2011)
Lincoln Educational Services sees FY2011 EPS of $0.70-$0.76, versus the consensus of $1.07. Lincoln Educational Services sees FY2011 revenue of $510-$520 million, versus the consensus of $516.48 million.
(Due to lower revenue and profitability in 2011, the Board of Directors has decided to reduce our quarterly dividend and has declared a cash dividend of $0.07 per share for the fourth quarter of 2011. The dividend is payable on December 30, 2011 to shareholders of record on December 15, 2011)