Shares of Lincoln Educational Services Corporation (NASDAQ: LINC) surged 13.76% in pre-market trading on Monday, November 10, 2025, following the release of its impressive third-quarter financial results. The company, a leading provider of career-oriented post-secondary education, reported revenue of $141.389 million, significantly beating analyst expectations of $130.544 million.

Lincoln's strong performance was driven by robust student enrollment growth, with total student population increasing by 14.8% compared to the same period last year. The company also reported a 23.6% year-over-year increase in revenue and a substantial rise in adjusted EBITDA, which grew by 65.1% to $16.9 million. Earnings per share came in at $0.12, surpassing the analyst consensus estimate of $0.05 by 140%.

Investors were particularly encouraged by Lincoln's decision to raise its full-year 2025 financial guidance. The company now expects revenue between $505 million and $510 million, up from its previous forecast of $490 million to $500 million. This positive outlook, combined with the strong Q3 results, has fueled investor optimism and contributed to the significant pre-market stock price increase.