Xueda Education (XUE) Misses Q3 EPS by 1c; Total Students Up 28.7%; Guides Q4 Revs

November 16, 2011 6:13 AM EST
Xueda Education Group (NYSE: XUE) reported Q3 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $51.5 million versus the consensus estimate of $50.92 million.

Total number of students served in the third quarter of 2011 increased by 28.7% year-over-year to approximately 51,500 students from approximately 40,000 students for the third quarter of 2010.

Sees Q4 2011 revenue of $41.8-$44.0 million, versus the consensus of $43.57 million.

Reaffirms FY11 outlook.


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