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Xueda Education Slips To Loss In Q4 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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.

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