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Stock Market & Financial Investment News

News Breaks
March 6, 2013
08:15 EDTLINCLincoln Educational sees Q1 EPS (30c)-(35c), consensus (10c)
Sees Q1 revenue $88M-$92M, consensus $97.7M. Sees Q1 decrease in starts of 17%-20%. The company said, "The reduction in starts for the first quarter is due to the continued loss of ability to benefit, or ATB, students during the second half of 2012 and our elimination of our fully online program in the first half of 2012. Excluding the impact of these items, student starts from continuing operations are expected to be flat to down 5% as compared to the first quarter of 2012." Sees student starts from continuing operations in 2013 to increase in the second half of 2013 and remain flat for the year as compared to 2012.
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