trending Market Intelligence /marketintelligence/en/news-insights/trending/HNzQWe05RQYEYFlfZ0FFcQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Universal Technical Institute swings to loss in fiscal Q3

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Universal Technical Institute swings to loss in fiscal Q3

Universal Technical Institute Inc. said its normalized net income for the fiscal third quarter ended June 30 amounted to a loss of 11 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 8 cents per share.

The per-share result swung to a loss from the prior-year profit of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.7 million, compared with income of $528,130 in the year-earlier period.

The normalized profit margin declined to negative 3.1% from 0.6% in the year-earlier period.

Total revenue fell 6.8% year over year to $85.1 million from $91.3 million, and total operating expenses fell year over year to $89.1 million from $90.3 million.

Reported net income came to a loss of $2.9 million, or a loss of 12 cents per share, compared to income of $249,180, or 1 cents per share, in the prior-year period.