Universal Technical Institute Reports Q1 EPs of $0.42 vs. $0.40

Universal Technical Institute, Inc. UTI reported results for the first quarter ended Dec. 31, 2010. Revenues for the first quarter ended Dec. 31, 2010 were $117.4 million, a 13.5 percent increase from $103.5 million for the first quarter of the prior year. Net income for the first quarter ended Dec. 31, 2010 was $10.3 million, or $0.42 per diluted share, as compared to net income of $9.3 million, or $0.38 per diluted share, for the first quarter of the prior year.