Lincoln Educational Shares Slide On Q2 Miss, Student Start Rate Challenges
Lincoln Educational Services Corp (NASDAQ: LINC ) reported second-quarter FY22 sales growth of 2.1% year-on-year to $82.14 million, missing the consensus of $83.47 million. Educational services and facilities expenses increased 7.2% to $36.1 million. Segment Results : Transportation and skilled trades segment revenue increased 1.8%, Healthcare and other professions revenue rose 2.9%. The operating margin was 0.5%, and operating income for the quarter fell 88.5% to $0.396 million. The company held $66.9 million … Full story available on Benzinga.com
Lincoln Educational Shares Slide On Q2 Miss, Student Start Rate Challenges
Lincoln Educational Services Corp (NASDAQ: LINC ) reported second-quarter FY22 sales growth of 2.1% year-on-year to $82.14 million, missing the consensus of $83.47 million. Educational services and facilities expenses increased 7.2% to $36.1 million. Segment Results : Transportation and skilled trades segment revenue increased 1.8%, Healthcare and other professions revenue rose 2.9%. The operating margin was 0.5%, and operating income for the quarter fell 88.5% to $0.396 million. The company held $66.9 million … Full story available on Benzinga.com