Universal Technical Institute (UTI) Misses Q3 EPS by 5c

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Universal Technical Institute Reports Fiscal Year 2017 Third Quarter Results

August 3, 2017 4:05 PM EDT

SCOTTSDALE, Ariz., Aug. 3, 2017 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of automotive technician training, reported financial results for the fiscal 2017 third quarter ended June 30, 2017.

Kim McWaters, UTI's Chairman and Chief Executive Officer, stated, "Third quarter student starts grew 12.5 percent and our show rate improved by 180 basis points over the prior year third quarter, as a combined result of our Show Rate Initiative and our Institutional Grant Program. In July, we opened our Welding technology program at our Rancho Cucamonga, CA campus, and in... More