ITT Educational Services Inc Q2 Income Rises 499%

(RTTNews) - ITT Educational Services Inc (ESI) released earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $4.31 million, or $0.18 per share. This was up from $0.72 million, or $0.03 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 17.7% to $176.32 million. This was down from $214.23 million last year.

ITT Educational Services Inc earnings at a glance:

-Earnings (Q2): $4.31 Mln. vs. $0.72 Mln. last year. -Earnings Growth (Y-o-Y): 498.6% -EPS (Q2): $0.18 vs. $0.03 last year. -EPS Growth (Y-o-Y): 500% -Analysts Estimate: -$0.04 -Revenue (Q2): $176.32 Mln vs. $214.23 Mln last year. -Revenue Change (Y-o-Y): -17.7%