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Lincoln Educational Services Corp Lowers FY 2013 Guidance; Issues Q3 2013 Guidance Below Analysts' Estimates; Declares Third Quarter Dividend


Wednesday, 7 Aug 2013 08:00am EDT 

Lincoln Educational Services Corp announced that for fiscal 2013, it expect revenue of approximately $355 million and a diluted loss per share of ($1.00). The full year diluted loss per share includes approximately ($0.60) to ($0.65) per share loss related to the announced campus closures. For the third quarter of 2013, it expect revenue of $86.0 million to $88.0 million and a loss per share of ($0.20) to ($0.25). Loss per share includes a ($0.12) to ($0.14) loss related to the announced campus closures. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $387 million and EPS of $(0.26) for fiscal 2013; revenues of $102 million and EPS of $0.08 for the third quarter of 2013. The Company also announced that the Board of Directors has set the record and payment dates for the dividend for the third quarter of 2013. The cash dividend of $0.07 per share will be payable on September 30, 2013 to shareholders of record as of September 13, 2013. 

Company Quote

2.78
-0.02 -0.71%
19 Dec 2014