United Education, Software Profits Up 19% in Quarter
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Encino-based United Education & Software reported 19% higher earnings on 32% higher sales for its third quarter ended Oct. 31.
Earnings were $665,000, or 22 cents a share, on sales of $8.25 million. In the same quarter a year earlier, earnings were $559,000, or 20 cents a share, on sales of $6.3 million.
For the nine months ended Oct. 31, net income rose 53%, to $1.3 million, or 42 cents a share. Revenue rose 41%, to $23.6 million.
United Education owns trade and technical schools, including a number using the Pacific Coast name, and runs correspondence courses. It also sells computer equipment for school administration and classroom use, and provides student loan administration.
Company President Aaron Cohen said sales were boosted partly by the company’s acquisition of National Technical Schools last year. United Education also benefited from tax benefits stemming from previous losses.
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