Universal Technical: Fiscal 1Q Earnings Snapshot
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...