ATA, Inc. (ATAI) Posts Breakeven Q2 Earnings, Raises FY11 Guidance

November 4, 2011 4:12 PM EDT
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ATA, Inc. (NASDAQ: ATAI) reported Q1 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $11 million versus the consensus estimate of $9.19 million.

For the fiscal year ending March 31, 2012, the Company is reiterating its net revenue guidance of between RMB395.0 million and RMB415.0 million and is raising its net income guidance to between RMB55.0 million and RMB60.0 million, up from between RMB40.0 million and RMB45.0 million.

For the quarter ending December 31, 2011, ATA believes that net revenues will be between RMB136.0 million and RMB141.0 million.

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