Education Management Corp Issues Q2 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance

Education Management Corp. announced that for the second quarter of 2013, it expects earning per diluted share of $0.18-$0.19, net income of $22-$24 million and EBITDA of $107-$110 million. For fiscal 2013, it expects earnings per diluted share in range of $0.43-0.50, net income of $54-$63 million and EBITDA of $385-$400 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.27, net income of $34 million and EBITDA of $128 million for second quarter of 2013; EPS of $0.48, net income of $56 million and EBITDA of $395 million for fiscal 2013.