trending Market Intelligence /marketintelligence/en/news-insights/trending/Rzu_eO6Ui8Nw1vE0biBZnw2 content esgSubNav
In This List

Lincoln Educational Services Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Lincoln Educational Services Q1 loss narrows YOY

Lincoln Educational Services Corp. said its first-quarter normalized net income amounted to a loss of 19 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 37 cents per share.

The per-share loss decreased 31.7% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.3 million, compared with a loss of $6.2 million in the year-earlier period.

The normalized profit margin dropped to negative 8.0% from negative 7.8% in the year-earlier period.

Total revenue fell on an annual basis to $76.7 million from $79.2 million, and total operating expenses declined 6.4% year over year to $82.2 million from $87.9 million.

Reported net income totaled a loss of $6.9 million, or a loss of 30 cents per share, compared to a loss of $10.2 million, or a loss of 45 cents per share, in the prior-year period.