Lincoln Educational Services (LINC) Tops Q1 EPS by 7c

Lincoln Educational Services (NASDAQ: LINC) reported Q1 EPS of ($0.30), $0.07 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $76.7 million versus the consensus estimate of $77.2 million.

The decrease in revenue was due to a 3.9% decline in average student population to approximately 13,400. First quarter’s revenue was further reduced by an increase of $0.9 million in scholarship discounts and revenue loss of $1.3 million as a result of the 2014 mergers of the Las Vegas, NV and Hamden, CT campuses "merged campuses" into respective neighboring Lincoln campuses. Average revenue per student increased slightly primarily due to tuition rate increases.

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

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