Learning Tree International Inc. announced unaudited consolidated earnings for the third quarter and the nine months ended June 30, 2017. For the quarter, the company reported revenues of $16,404,000 against $21,073,000 a year ago. Loss from operations was $539,000 against $2,973,000 a year ago. Loss from operations before income taxes was $798,000 against $2,973,000 a year ago. Net loss was $877,000 or $0.07 per basic and diluted share against $2,973,000 or $0.21 per basic and diluted share a year ago.

For the nine months, the company reported revenues of $51,027,000 against $59,892,000 a year ago. Loss from operations was $3,105,000 against $10,470,000 a year ago. Loss from operations before income taxes was $3,274,000 against $10,285,000 a year ago. Net loss was $3,605,000 or $0.27 per basic and diluted share against $10,480,000 or $0.79 per basic and diluted share a year ago.

For fourth quarter of fiscal 2017, the company currently expects revenues of between $18.8 million and $19.8 million compared to revenues of $21.7 million in fourth quarter of fiscal 2016; gross profit percentage in fourth quarter of fiscal 2017 of between 43.9% and 44.9% compared to 42.8% in fourth quarter of fiscal 2016. The company expects to have a fourth quarter operating income of between breakeven and $1 million income compared with an operating loss of $2 million in the fourth quarter of fiscal 2016. The fourth quarter of fiscal 2016 operating loss did include a $1.9 million noncash restructuring charge. Overall, the company expects to report pretax income for fourth quarter of fiscal 2017 between breakeven and $0.9 million compared with a pretax loss of $2 million in fourth quarter of fiscal 2016, which did include the $1.9 million noncash restructuring charge.