Lincoln Educational Services (LINC) Misses Q1 EPS by 24c

Lincoln Educational Services (NASDAQ: LINC) reported Q1 EPS of ($0.46), $0.24 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $65.3 million, versus $70.64 million reported last year.

• Board Ends Divesture Process for Healthcare and Other Professions Segment (HOPS)
• Total Revenue of $65.3 Million; Transportation & Skilled Trades $42.2 Million, Healthcare and Other Professions $18.8 Million; and Transitional $4.3 Million
• Repays and Replaces $44.3 Million Term Loan with New Up-to-$55.0 Million Secured Revolving Credit Facility Having More Favorable Terms
• Enters into Additional $8.0 Million Short Term Secured Term Loan Collateralized by West Palm Beach Property that is Currently Under Contract to Sell for $16.3 Million
• Reiterates Previously Provided Guidance and Updates to Reflect HOPS Segment

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

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