Lincoln Educational Services (NASDAQ:LINC) shares jumped more than 9% intra-day today after the company reported its Q3 results, with EPS of $0.07 surpassing Street expectations by $0.03.

The company also exceeded revenue estimates, posting $99.62 million against a projected $94.89 million, marking a 10.5% growth.

President & CEO Scott Shaw attributed the strong performance to the successful rollout of the Lincoln 10.0 hybrid instructional platform, leading to improved student retention.

The company anticipates its fiscal 2023 revenues to range between $370-$375 million, ahead of the Street forecast of $365.2 million.

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