AP NEWS

Universal Technical: Fiscal 4Q Earnings Snapshot

November 29, 2018

SCOTTSDALE, Ariz. (AP) _ Universal Technical Institute Inc. (UTI) on Thursday reported a loss of $11 million in its fiscal fourth quarter.

On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 49 cents.

The school for auto, motorcycle and marine technicians posted revenue of $80.3 million in the period.

For the year, the company reported that its loss widened to $32.7 million, or $1.51 per share. Revenue was reported as $317 million.

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

In the final minutes of trading on Thursday, the company’s shares hit $2.80. A year ago, they were trading at $3.65.

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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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