Shares of Universal Technical Institute (UTI) surged 11.38% in pre-market trading on Thursday, following the release of its impressive fiscal second-quarter earnings report and an upward revision of its 2025 guidance.
The company reported diluted earnings per share of $0.21 for the quarter ended March 31, significantly beating analysts' expectations of $0.12 and showing substantial growth from $0.14 in the same period last year. Revenue also exceeded expectations, coming in at $207.4 million compared to the anticipated $196.6 million and last year's $184.2 million.
Adding to the positive sentiment, Universal Technical Institute raised its 2025 earnings guidance to a range of $1.00 to $1.08 per diluted share, up from the previous forecast of $0.96 to $1.04. The company also increased its annual revenue guidance to between $825 million and $835 million. Both revisions surpass current analyst projections, signaling strong confidence in the company's future performance. The market's enthusiastic response to these developments is evident in the stock's substantial pre-market gain.