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Universal Technical: Fiscal 1Q Earnings Snapshot

Feb 04, 2021 - Associated Press Financial Wire

PHOENIX (AP) _ Universal Technical Institute Inc. (UTI) on Thursday reported fiscal first-quarter net income of $1.1 million.

On a per-share basis, the Phoenix-based company said it had net income of 1 cent.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The school for auto, motorcycle and marine technicians posted revenue of $76.1 million in the period.

Universal Technical shares have decreased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.45, a fall of 19% in the last 12 months...