Tarena International (TEDU) Misses Q2 EPS by 4c, Trims FY Revenue Guidance
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Brean Capital Cuts Price Target on Tarena International (TEDU) Following 2Q EPS Miss
August 19, 2015 7:13 AM EDTBrean Capital maintained a Buy rating on Tarena International (NASDAQ: TEDU), and cut the price target to $15.00 (from $19.00), following the company's 2Q15 earnings results. TEDU reported revenue of $41.3 million in-line with consensus expectations of $41.5 million. Non-GAAP EPS was $0.07, missing the consensus estimate of $0.11. The company provided FY3Q15 revenue guidance of $52.5 million to $53.5 million, below... More
