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Why Universal Technical Institute Stock Zoomed 10% Higher Today

The Motley Fool·
Why Universal Technical Institute Stock Zoomed 10% Higher Today

Universal Technical Institute (UTI) stock surged 10% on Monday following peer Lincoln Educational Services' strong third-quarter earnings report. Lincoln reported 13% revenue growth and 24% net profit improvement, citing strong demand for skilled vocational workers. With UTI operating in the same market, investors expect similar tailwinds. UTI is scheduled to report earnings on November 18, with analysts expecting 5% revenue growth and 57% EPS increase.

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