UPDATE 1-Lincoln Educational posts loss on falling new sign-ups
May 3 (Reuters) - Lincoln Educational Services Corp posted a quarterly loss as new student enrollments at the for-profit education college continued to fall.
The company, which offers courses on health sciences, automotive technology and hospitality services, said new student sign-ups fell about 5 percent in the quarter.
First-quarter net loss was $3.1 million, or 14 cents per share, compared with a net income of $10.4 million, or 46 cents per share, last year.
Revenue fell 28 percent to $104.9 million.
Analysts had expected a loss of 19 cents per share on revenue of $103.5 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $6.85 on Wednesday on the Nasdaq.
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