UPDATE: Tarena International (TEDU) Tops Q3 EP5 by 2c; FY15 Revenue Guidance Tops Views

(Updated - November 23, 2015 4:36 PM EST)

Tarena International (NASDAQ: TEDU) reported Q3 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $59.7 million versus the consensus estimate of $53.04 million.

Tarena International sees FY2015 revenue of $183.2-185.2 million, versus the consensus of $175.6 million.

• Based on the Company's current estimates, total net revenues for the fourth quarter of 2015 are expected to be between US$54.0 million and US$56.0 million, representing an increase of 36.0% to 41.1% on a year-over-year basis.

The Company has appointed Mr. Yuduo Yang as Co-CFO, alongside Mr. Suhai Ji, effective immediately, to further strengthen its senior management team and enhance its accounting and financial reporting capabilities. Prior to joining Tarena, Mr. Yang was a vice president at Beijing Fengshun Lubao Car Auction Company Limited from March 2015 to November 2015. From December 2013 to October 2014, Mr. Yang was a finance director at Bybon Group Company Limited. From June 2010 to December 2013, Mr. Yang was a finance director at South Beauty Group, a well-known restaurant chain operator in China. Prior to that, Mr. Yang was a finance manager at Google and Lucent Technologies from April 2005 to November 2007 and from December 2007 to May 2010, respectively, and an auditing manager at KPMG Beijing Office from July 1997 to April 2005. Mr. Yang received a bachelor's degree in economics from Renmin University of China, as well as an MBA degree from Fordham University.

For earnings history and earnings-related data on Tarena International (TEDU) click here.

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