Universal Technical Institute Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was 13 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.
EPS climbed 61.9% year over year from 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.3 million, an increase of 62.5% from $2.1 million in the prior-year period.
The normalized profit margin increased to 3.5% from 2.1% in the year-earlier period.
Total revenue declined year over year to $95.7 million from $97.0 million, and total operating expenses declined year over year to $90.1 million from $94.0 million.
Reported net income grew 72.0% year over year to $3.0 million, or 12 cents per share, from $1.7 million, or 7 cents per share.
