Lincoln Educational Services (LINC) Stock Jumps Following Earnings Release
NEW YORK (TheStreet) -- Shares of Lincoln Educational Services (LINC) - Get Report are up by 33.19% to $1.20 in afternoon trading on Wednesday, following the release of the company's third quarter earnings results before the opening bell today.
The West Orange, NJ-based post secondary education provider reported third quarter earnings of 11 cents per share, 25 cents better than the 14 cents per share loss analysts had forecast for the period.
Revenue in the quarter fell by 6% year over year to $79 million, but still managed to top analysts' $76 million guidance.
The decline in revenue was attributed to a 9.5% decline in student population to 12,815 from 14,153.
Separately, TheStreet Ratings team rates LINCOLN EDUCATIONAL SERVICES as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
We rate LINCOLN EDUCATIONAL SERVICES (LINC) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.
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