Four Seasons Education: Down on Q3 revenue fall as student enrollments drop

Four Seasons Education Cayman

12/01/2021 16:53

** China-based after-school math education service
provider's U.S.-listed shares  FEDU.N  fall as much as 11% to a
three-week low of $0.988
    ** Stock on track to post biggest one-day pct. loss in
nearly a month
    ** Co says Q3 revenue falls ~35% to 67.6 mln Chinese yuan
($10.46 million), as student enrollments drop 21% to 53,493 due
to the coronavirus crisis  urn:newsml:reuters.com:*:nPn8t7SLga
    ** FEDU posts Q3 operating loss of 12.8 mln Chinese yuan,
compared with operating income of 10.9 mln, a year earlier
    ** Co expects Q4 revenue between 64.0 mln and 67.5 mln
Chinese yuan, compared with 71.1 mln Chinese yuan, a year
earlier
    ** Up to Monday's close, stock had fallen ~31% this year
    
($1 = 6.4610 Chinese yuan renminbi)

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))