Xueda Education Group (XUE) Misses Q2 EPS by 7c

Xueda Education Group (NYSE: XUE) reported Q2 EPS of $0.19, $0.07 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $121.3 million versus the consensus estimate of $120.7 million.

Operational Highlights for Second Quarter 2015

• Effective student count[2] increased 8.2% to 63,726, from 58,895 for the second quarter 2014.
• New student sign-ups[3] decreased 1.2% to 26,721, from 27,049 for the second quarter 2014.
• The number of retained student increased 16.2% to 37,005, from 31,846 for the second quarter 2014.
• New learning centers increased net 17, with 19 opened and 2 closed. Total number of learning centers at the end of the second quarter was 499. Total area of learning centers decreased 1.5% year-over-year to approximately 286,000 square meters, from approximately 290,000 square meters in the second quarter 2014.

For earnings history and earnings-related data on Xueda Education Group (XUE) click here.

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