Learning Tree Announces Fourth Quarter EPS of $.08

Learning Tree International, Inc. LTRE announced today its revenues and results of operations for its fourth quarter and fiscal year 2010, which ended October 1, 2010. In its fourth quarter of fiscal year 2010, Learning Tree reported revenues of $33.9 million, income from operations of $2.2 million, and net income of $1.2 million or $0.08 per share. These results compare with revenues of $31.8 million, a loss from operations of $1.4 million, and a net loss of $1.4 million or $0.10 per share in its fourth quarter of fiscal year 2009. Excluding the one-time effects of a $4.2 million charge related to the anticipated settlement of a contract dispute, in its fourth quarter of fiscal year 2009, the company would have reported income from operations of $2.8 million and net income of $2.0 million, or $0.14 per share.