AP NEWS

Universal Technical: Fiscal 4Q Earnings Snapshot

December 2, 2019 GMT

SCOTTSDALE, Ariz. (AP) _ Universal Technical Institute Inc. (UTI) on Monday reported fiscal fourth-quarter net income of $5.5 million, after reporting a loss in the same period a year earlier.

The Scottsdale, Arizona-based company said it had profit of 9 cents per share.

The school for auto, motorcycle and marine technicians posted revenue of $87.7 million in the period.

For the year, the company reported that its loss narrowed to $7.9 million, or 52 cents per share. Revenue was reported as $331.5 million.

Universal Technical expects full-year revenue in the range of $338 million to $345 million.

Universal Technical shares have climbed 69% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.16, an increase of 91% 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