RISE Education: Q1 Earnings Snapshot
Posted May 20, 2021 2:27 pm.
Last Updated May 20, 2021 2:30 pm.
This article is more than 5 years old.
BEIJING (AP) _ RISE Education Cayman Ltd. (REDU) on Thursday reported a loss of $3.8 million in its first quarter.
The Beijing-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The provider of after-school English and tutoring services posted revenue of $39.9 million in the period.
RISE Education expects full-year revenue in the range of $216.7 million to $264 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.55. A year ago, they were trading at $3.86.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REDU at https://www.zacks.com/ap/REDU
The Associated Press
