Universal Technical Institute Inc (UTI) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $18.84 million, or $0.34 per share. This compares with $3.40 million, or $0.10 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.3% to $196.4 million from $170.3 million last year.

Universal Technical Institute Inc earnings at a glance (GAAP) :

-Earnings (Q4): $18.84 Mln. vs. $3.40 Mln. last year.

-EPS (Q4): $0.34 vs. $0.10 last year.

-Revenue (Q4): $196.4 Mln vs. $170.3 Mln last year.

For comments and feedback contact: [email protected]