Courtesy of Benzinga.
Lincoln Educational Services Corp (NASDAQ: LINC) reported a decline in its fourth-quarter net income.
Lincoln projects to post a Q1 loss of $0.18 to $0.22 per share on revenue of $102 million to $105 million. Analysts were projecting a profit of $0.09 per share on revenue of $107.3 million.
Lincoln’s fourth-quarter net income dropped to $6.2 million, or $0.28 per share, from $23.2 million, or $1.04 per share, in the year-ago period. Its revenue declined 31% to $115.6 million. However, analysts were expecting earnings of $0.23 per share, on revenue of $115.3 million.
Lincoln’s shares closed at $8.05 yesterday.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
