1 min read
Add as a preferred source on GoogleLincoln Educational Services Tops Q3 Revenue and Earnings Estimates
Net income rose 24.1% to $4.7 million, while adjusted EBITDA increased 30.8% to $17.4 million.
Lincoln Educational Services Corporation topped third-quarter revenue and earnings estimates as sales rose 12.6% from a year earlier and net income and adjusted EBITDA also increased.
Revenue reached $159.2 million, exceeding estimates by $6.93 million. GAAP earnings were $0.15 per share, beating estimates by $0.02.
Net income grew 24.1% to $4.7 million from $3.8 million a year earlier. Adjusted EBITDA climbed 30.8% from $13.3 million to $17.4 million.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.