Learning Tree International Inc. Announces Unaudited Consolidated Earnings for the Third Quarter and the Nine Months Ended June 30, 2017; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017
August 08, 2017 at 09:06 pm
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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.
Learning Tree International, Inc. is a provider of learning solutions to support organizationsâ use of technology and effective business practices. The Company provides skills training and certification solutions to impact individual careers and organizational performance. The Companyâs courses include agile and scrum; business applications; cloud computing; cyber security; data, analytics and artificial intelligence; information technology (IT) infrastructure; IT service management; leadership; project management; and software. Its solutions include Coaching, Custom Content Solutions, Enterprise Solutions, Government Solutions, Learning Tree+ Advantage Plan, Learning Paths, Managed Training Services, Skills Assessments, Team Training, and Training Vouchers. Its certification courses include ITIL 4 Foundation Training, CompTIA Security+ Training, PMI Authorized PMP Exam Prep, Certified ScrumMaster Training, CISSP Training and Certification Prep Course, and others.
Learning Tree International Inc. Announces Unaudited Consolidated Earnings for the Third Quarter and the Nine Months Ended June 30, 2017; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017