Universal Technical: Fiscal 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

SCOTTSDALE, Ariz. (AP) _ Universal Technical Institute Inc. (UTI) on Thursday reported a loss of $13.3 million in its fiscal third quarter.

On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 45 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The school for auto, motorcycle and marine technicians posted revenue of $54.5 million in the period.

Universal Technical shares have climbed slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.28, an increase of 98% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTI at https://www.zacks.com/ap/UTI