Universal Technical Institute (UTI) Tops Q2 EPS by 8c, Comments on Outlook

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Universal Technical Institute Reports Fiscal Year 2015 Second Quarter Results

April 30, 2015 4:05 PM EDT

SCOTTSDALE, Ariz., April 30, 2015 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of automotive technician training, today reported revenues for the second quarter ended March 31, 2015 of $91.2 million, a 3.7 percent decrease from $94.7 million for the second quarter of the prior year.  Net income for the second quarter ended March 31, 2015 increased to $0.6 million, or 2 cents per diluted share, compared to net loss of $1.6 million, or a loss of 7 cents per diluted share, for the second quarter ended March 31, 2014.

Revenues for the six months ended March 31, 2015 were $186.9 million, a 2.5 percent decrease... More