IRVINE — National Education Corp., a company that provides job training, reported a $3.5-million profit for the third quarter, a slight gain over the same period a year earlier.
The company said, however, that it is suffering a "substantial continuing shortfall" in the revenue of its training group, and that could depress earnings for the fiscal year. All other divisions have increased their revenues during the year.
For the three months that ended Sept. 30, the firm's earnings were up 8% from $3.3 million for the third quarter last year. Earnings per share were 12 cents, up from 11 cents. Revenue fell to $94.3 million, off 3% from $97.4 million a year earlier.
For the first three quarters of the year, the company has earned $1.2 million, or 4 cents a share, contrasted with a loss of $3.6 million, or 12 cents a share, for the first nine months of 1991. Nine-month revenue was $273 million, down 0.5% from $274 million.