Revenue Update on Lincoln Educational Services Corp(NASDAQ:LINC)

Lincoln Educational Services Corp(NASDAQ:LINC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $41.89M. Analysts estimated a revenue of $41.57M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.21.

Lincoln Educational Services Corp (LINC) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -1.55% at a volume of 7,182. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.95. The peak price level was also seen at $1.95 while the days lowest was $1.9. Finally the shares closed at $1.91. The 52-week high of the shares is $3.2 while the 52-week low is $0.17. According to the latest information available, the market cap of the company is $45 M.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Shaun Mcalmont (CEO) sold 24,085 shares at $2.63 per share price.

Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. The Company offers recent high school graduates and working adults degree and diploma programs in five areas of study: automotive technology health sciences skilled trades hospitality services and business and information technology. The Company’s schools operate under the Lincoln Technical Institute Lincoln College of Technology Lincoln College of New England Lincoln Culinary Institute and Euphoria Institute of Beauty Arts and Sciences brand names. As of December 31 2014 the Company operated 31 campuses in 15 states. As of December 31 2014 the Company had 13278 students enrolled. As of December 31 2014 all of its schools offer diploma and certificate programs 14 of its schools are approved to offer associate’s degree programs and two schools are approved to offer bachelor’s degree programs.

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