trending Market Intelligence /marketintelligence/en/news-insights/trending/9nV2WktyVmJpkBVhbED0RA2 content esgSubNav
In This List

Universal Technical Institute swings to loss in fiscal Q2


Investment Banking Essentials Newsletter: 31st May edition


Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders

Case Study

Central European Broadcaster Monetizes Content with a New Online Streaming Service


Debt Ceiling Debate: IR Teams Should Prepare for Potential Market Downturns

Universal Technical Institute swings to loss in fiscal Q2

Universal Technical Institute Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 16 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 17 cents per share.

The per-share result swung to a loss from the prior-year profit of 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.0 million, compared with income of $1.4 million in the year-earlier period.

The normalized profit margin fell to negative 4.5% from 1.5% in the year-earlier period.

Total revenue decreased on an annual basis to $88.2 million from $91.2 million, and total operating expenses rose 5.8% year over year to $94.0 million from $88.8 million.

Reported net income came to a loss of $32.0 million, or a loss of $1.32 per share, compared to income of $491,020, or 2 cents per share, in the year-earlier period.