Stock Track | Lincoln Educational Soars 8% Pre-Market on Strong Q3 Earnings Beat

Stock Track

Nov 11, 2024

Shares of Lincoln Educational Services Corp. (NASDAQ: LINC) surged 8.09% in pre-market trading on Monday, driven by the company's better-than-expected third-quarter earnings results.

The for-profit education company reported Q3 2024 GAAP earnings per share of $0.13, outpacing the consensus analyst estimate of $0.09 by a significant 44.44%. Revenue for the quarter also exceeded expectations, coming in at $114.41 million compared to the $110.78 million estimate, an upside surprise of 3.28%.

Lincoln Educational's strong earnings performance extended across multiple metrics, with the company reporting Q3 net income of $3.953 million, adjusted EBITDA of $10.236 million, operating income of $5.822 million, and pretax profit of $5.627 million – all surpassing analyst projections.

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(NASDAQ: LINC) surged 8.09% in pre-market trading on Monday, driven by the company's better-than-expected third-quarter earnings results.</p>\n\n<p>The for-profit education company reported Q3 2024 GAAP earnings per share of $0.13, outpacing the consensus analyst estimate of $0.09 by a significant 44.44%. Revenue for the quarter also exceeded expectations, coming in at $114.41 million compared to the $110.78 million estimate, an upside surprise of 3.28%.</p>\n\n<p>Lincoln Educational's strong earnings performance extended across multiple metrics, with the company reporting Q3 net income of $3.953 million, adjusted EBITDA of $10.236 million, operating income of $5.822 million, and pretax profit of $5.627 million – all surpassing analyst projections.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LINC","symbol_name":"林肯教育服务","start_time":0,"source_url":"","article_id":"1159240741","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159240741","pubTimestamp":1731330380,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Lincoln Educational Services Corp.  surged 8.09% in pre-market trading on Monday, driven by the company's better-than-expected third-quarter earnings results.The for-profit education company reported Q3 2024 GAAP earnings per share of $0.13, outpacing the consensus analyst estimate of $0.09 by a significant 44.44%. 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