logo
Plus   Neg
Share
Email

Xueda Education Slips To Loss In Q4 - Quick Facts

Xueda Education Group (XUE) posted fourth-quarter loss of $9.9 million versus profit of $891 thousand a year ago. Loss per ADS was $0.15, compared to earnings per ADS of $0.01 in the same quarter last year.

Non-GAAP net loss per ADS was $0.14, compared to non-GAAP net income per ADS of $0.02 in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to report loss of $0.09 per share. Analysts' estimates typically exclude special items.

Total net revenues were up 28.2% year-over-year to $47.75 million. Analysts estimated revenues of $43.71 million.

Total number of students served in the quarter increased by 19.2% year-over-year to 53,489 students. Course hours delivered increased 9.0% year-over-year to 1.83 million hours, while average hourly course fee was up 16.3% year-over-year to $27.1.

Looking ahead, the company currently expects its net revenue for the first quarter to be in the estimated range of $59.7 million to $62.2 million, an increase of approximately 17.5% to 22.5% from the same quarter of the previous year. Analysts estimate revenues of $58.37 million.

The company currently expects its net revenue for the full year 2012 will be in the estimated range of $272 million to $282 million, an increase of approximately 22.5% to 27.0% from the full year 2011. Analysts estimate revenues of $275.89 million.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT