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TEDU - Tarena International Inc News Story

$3.71 -0.1  -3.1%

Last Trade - 01/04/20

Small Cap
Market Cap £159.1m
Enterprise Value £86.1m
Revenue £254.9m
Position in Universe 3359th / 6309

BUZZ-Tarena tumbles on bigger-than-expected loss

Tue 5th June, 2018 5:08pm
** Tarena International shares  TEDU.O  down as much as 25.1
pct at $7.11, lowest since August 2015
    ** Posts bigger-than-expected Q1 loss per share, missing
amalysts' estimates by the biggest margin in at least two years,
as per TR data 
    ** The Chinese professional education services provider says
the late timing of Chinese New Year, which fell near the end of
Feb, reduced business days and volume in seasonally weak Q1
    ** Gross margin was 52 pct in Q1 vs. 61.6 pct a year ago due
to a rise in personnel cost and welfare expenses
    ** Expects revenue for Q2 to be 500 mln and 520 mln yuan,
well below analysts' expectation of 558.08 mln yuan
    ** Jefferies says net loss was due to a combination of
weaker demand and higher selling expenses and rev guidance range
suggests some headwinds persist; keeps its "hold" rating
    ** Among nine analysts covering stock, avg rating is "hold"
    ** TEDU shares nearly halved in value this year, including
session's losses  

 ($1 = 6.41 yuan)

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))
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