ITT Educational Services Inc Bottom Line Retreats 84% In Q3

(RTTNews) - ITT Educational Services Inc (ESI) announced earnings for third quarter that decreased compared to the same period last year.

The company said its profit declined to $1.69 million, or $0.07 per share. This was lower than $10.32 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.2% to $203.18 million. This was down from $242.56 million last year.

ITT Educational Services Inc earnings at a glance:

-Earnings (Q3): $1.69 Mln. vs. $10.32 Mln. last year. -Earnings Decline (Y-o-Y): -83.6% -EPS (Q3): $0.07 vs. $0.44 last year. -EPS Decline (Y-o-Y): -84.1% -Analysts Estimate: $0.10 -Revenue (Q3): $203.18 Mln vs. $242.56 Mln last year. -Revenue Change (Y-o-Y): -16.2%