Lincoln Educational Shares Surge 24% Following Raised Revenue Forecast and Strong Q3 Results
Shares of Lincoln Educational Services (LINC) jumped 24% on Monday after the vocational training provider reported strong third-quarter results and raised its full-year revenue guidance. The company saw a 12.6% year-over-year increase in revenue to $159 million, driven by rising student enrollment as learners seek affordable alternatives to traditional four-year degrees. Management has updated its 2026 full-year revenue outlook to between $600 million and $605 million. The company is strategically positioning itself to address the skilled labor shortage in high-growth sectors, such as AI data center infrastructure through its WorkforceLinc division. Long-term growth plans include expanding campus footprints into Arizona, Maryland, and New York with a revenue target of $850 million by 2030.
Tickers: $LINC
Topics: earnings report revenue growth stock price spike vocational education