Lincoln Educational reports Q3 EPS 5c, one est. 9c
Reports Q3 revenue $72.6M, one est. $72.3M. Same school average student population rose 4.5% from Q3 2018. Same school student starts increased 3.4% from Q3 2018. "We continued to execute to our strategic operating plan during the third quarter and are well positioned to achieve our goals, including profitability for the full year," said Scott Shaw, President and CEO. "Our targeted marketing, expanding corporate partnerships, and engagement with the local communities in which our campuses operate have all contributed to eight consecutive quarters of year-over-year growth. These strategies are producing exceptional results for both our students and our corporate partners in the tightest labor market we have experienced in decades. We also continued to make progress on other operational plans and have laid the groundwork for select, high potential program expansion at existing campuses in the coming year."