Universal Technical reports 1Q loss
Universal Technical Institute posts loss of $1.7 million in first quarter
SCOTTSDALE, Ariz. (AP) _ Universal Technical Institute Inc. (UTI) on Wednesday reported a loss of $1.7 million in its fiscal first quarter.
The Scottsdale, Arizona-based company said it had a loss of 12 cents per share. Losses, adjusted for severance costs, came to 9 cents per share.
The school for auto, motorcycle and marine technicians posted revenue of $84.2 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $3.24. A year ago, they were trading at $4.01.
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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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Keywords: Universal Technical Institute, Earnings Report