Lincoln Educational Services Corp announced that for the second quarter of 2008, it expects revenue of $82.0 million to $84.0 million. The company also announced that it is comfortable with previously issued annual guidance. For fiscal 2008, the Company expected revenue of $355 to $365 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $81.3 million for the second quarter of 2008; revenue of $358 million for fiscal 2008.
Lincoln Educational Services Corp announced that its board of directors has authorized the repurchase of up to 1,000,000 of its outstanding common shares over one year. The purchases will be made in the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements.
Lincoln Educational Services Corp announced that it has completed a transaction with Harrison Career Institute, Inc. (HCI) to acquire its Licensed Practical Nursing (LPN) program.