ITT Educational Services Inc Bottom Line Falls 61% In Q1

(RTTNews) - ITT Educational Services Inc (ESI) announced earnings for first quarter that retreated from last year.

The company said its bottom line dropped to $4.11 million, or $0.17 per share. This was down from $10.45 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.7% to $191.5 million. This was down from $230.0 million last year.

ITT Educational Services Inc earnings at a glance:

-Earnings (Q1): $4.11 Mln. vs. $10.45 Mln. last year. -Earnings Decline (Y-o-Y): -60.7% -EPS (Q1): $0.17 vs. $0.44 last year. -EPS Decline (Y-o-Y): -61.4% -Analysts Estimate: $0.19 -Revenue (Q1): $191.5 Mln vs. $230.0 Mln last year. -Revenue Change (Y-o-Y): -16.7%