(Updates with stock movement in the headline and first paragraph.)
Lincoln Educational Services (LINC) tumbled 24% in Monday trading after the company reported lower-than-expected student start growth of only 1% in Q2.
The company said it still expects to meet its full-year guidance of 10% to 14% growth in student starts.
Q2 earnings rose to $0.06 per diluted shares from $0.05 a year earlier, the company said Monday.
Analysts surveyed by FactSet expected breakeven.
Revenue in the three months ended June 30 rose to $142.6 million from $116.5 million.
Analysts expected $139.5 million.
The company continues to expect full-year EPS of $0.74 to $0.83 on revenue of $590 million to $600 million.
Analysts expect EPS of$0.78 on revenue of $594.9 million.
Price: $31.21, Change: $-9.78, Percent Change: -23.86%