UPDATE: Tarena International (TEDU) Tops Q3 EP5 by 2c; FY15 Revenue Guidance Tops Views
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Tarena International, Inc. Announces Third Quarter 2015 Results and Appoints Co-CFO
November 23, 2015 4:30 PM ESTBEIJING, Nov. 23, 2015 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China today announced its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Financial and Operational Highlights
Net revenues increased by 48.2% year-over-year to US$59.7 million from US$40.3 million in the same period in 2014, exceeding the high end of the Company's previous guidance of US$52.5 million to US$53.5 million. Gross profit increased by 50.7% year-over-year to US$44.9 million from US$29.8 million in the same... More