Tarena International (TEDU) Misses Q2 EPS by 4c, Trims FY Revenue Guidance

Tarena International (NASDAQ: TEDU) reported Q2 EPS of $0.07, $0.04 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $41.3 million versus the consensus estimate of $41.46 million.

Tarena International sees Q3 2015 revenue of $52.5-53.5 million, versus the consensus of $56.54 million.

Tarena International sees FY2015 revenue of $172.0-$177.5 million, versus the consensus of $183.16 million.

Business Outlook

Based on the Company's current estimates and in light of the recent significant RMB depreciation against the US dollar, total net revenues for the third quarter of 2015 are expected to be between US$52.5 million and US$53.5 million, representing an increase of 30.4% to 32.8% on a year-over-year basis. To reflect the recent significant change in RMB exchange rate against the US dollar, the Company further revises its total net revenues guidance for the full year of 2015 to be between US$172.0 million and US$177.5 million, representing an increase of 26.3% to 30.3% on a year-over-year basis. The revision to the previous full year 2015 revenue guidance of US$180 million to US$186 million is made solely as a result of a 4.5% anticipated depreciation of the RMB against the US dollar.

This guidance is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions, which are subject to change.

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

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