Lincoln Educational Services: Passing Grade

Lincoln Educational Services Corporation (LINC) provides career-oriented post-secondary education services in the United States. It offers high school graduates and working adults degree and diploma programs in five principal areas of study, which includes automotive technology, health sciences, skilled trades, business and information technology, and spa and culinary.

In early May, the company reported earnings that easily beat expectations. Net income came in at two cents per share, three cents ahead of the consensus. Record revenue of $84.0 million for the first quarter of 2008 was an increase of 10.3% from $76.2 million for the first quarter of 2007. New student starts were strong as well, growing 7.5%.