Lincoln Educational Services (LINC) Reports Q3 EPS of 11c

Lincoln Educational Services (NASDAQ: LINC) reported Q3 EPS of $0.11, may not compare to the analyst estimate of ($0.14). Revenue for the quarter came in at $79 million versus the consensus estimate of $75.8 million.

Lincoln reaffirms guidance for the full year 2015 for the total Company as follows:

Revenue is expected to be approximately $300 million, student starts are expected to decline approximately 10%, and net loss per share is expected to range between -$0.45 and -$0.50.Due to the Board of Director’s decision to divest Lincoln’s Healthcare and Other Professions business segment beginning in the fourth quarter of 2015, this segment is anticipated to be classified as discontinued operations, Lincoln is providing 2015 additional guidance as follows:Reflecting the anticipated classification of the Healthcare and Other Professions segment as discontinued operations, the additional guidance is based on continuing operations from the Transportation and Skilled Trades segment and Corporate while excluding the Transitional segment and the previously merged Las Vegas, Nevada and Hamden, Connecticut campuses. Revenue is expected to be approximately $180 million, student starts to decline approximately 8% and net income to be slightly positive.

For earnings history and earnings-related data on Lincoln Educational Services (LINC) click here.

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