AP NEWS

Universal Technical: Fiscal 1Q Earnings Snapshot

February 5, 2019

SCOTTSDALE, Ariz. (AP) _ Universal Technical Institute Inc. (UTI) on Tuesday reported a loss of $7.7 million in its fiscal first quarter.

The Scottsdale, Arizona-based company said it had a loss of 36 cents per share. Losses, adjusted for non-recurring costs, came to 17 cents per share.

The school for auto, motorcycle and marine technicians posted revenue of $83.1 million in the period.

Universal Technical expects full-year revenue in the range of $322 million to $332 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.46. A year ago, they were trading at $2.69.

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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

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