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NATIONAL EDUCATION CORP. REPORTS THIRD QUARTER RESULTS

 NATIONAL EDUCATION CORP. REPORTS THIRD QUARTER RESULTS
 IRVINE, Calif., Nov. 6 /PRNewswire/ -- National Education Corp. (NYSE: NEC) today reported net income for the three months ended Sept. 30, 1992, of $3,573,000 or $.12 per share, compared to $3,303,000 or $.11 per share for the prior year. Revenues for the period are $94,285,000, compared to last year's $97,377,000.
 Net income for the first nine months of 1992 is $1,202,000, or $.04 per share, compared to a loss of $3,624,000, or $.12 per share for the same period last year. Revenues for the first nine months of 1992 are $273,025,000, as compared to $274,483,000 for the prior-year period.
 These results reflect the substantial continuing shortfall in the revenues of the Training Group. If that trend continues, earnings for the full year may be at or below last year. With the exception of the Training Group, all other subsidiaries have achieved increased revenues and income in 1992.
 NATIONAL EDUCATION CORP.
 Financial Summary
 Three months ended
 Sept. 30,
 1992 1991
 Net revenues $94,285,000 $97,377,000
 Net income $3,573,000 $3,303,000
 Primary earnings per share $.12 $.11
 Fully diluted earnings per share $.12 $.11
 Average shares outstanding:
 Primary 30,279,000 30,164,000
 Fully diluted 37,579,000 37,464,000
 Nine months ended
 Sept. 30,
 1992 1991
 Net revenues $273,025,000 $274,483,000
 Net income (loss) $1,202,000 ($3,624,000)
 Primary earnings (loss)
 per share $.04 ($.12)
 Fully diluted earnings (loss)
 per share $.04 ($.12)
 Average shares outstanding:
 Primary 30,327,000 30,079,000
 Fully diluted 37,627,000 36,599,000
 -0- 11/6/92
 /CONTACT: Jack Polley of National Education, 714-474-9400/
 (NEC) CO: National Education Corp. ST: California IN: SU: ERN


JL-JB -- LA024 -- 8355 11/06/92 17:51 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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