Tarena Int'l (TEDU) Tops Q1 EPS by 6c, Offers Q2 & FY Guidance

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Tarena International, Inc. Announces First Quarter 2016 Results

May 23, 2016 4:30 PM EDT

BEIJING, May 23, 2016 /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 first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Net revenues increased by 46.5% year-over-year to US$41.3 million from US$28.2 million in the same period in 2015. Gross profit increased by 54.3% year-over-year to US$26.6 million from US$17.2 million in the same period in 2015. Operating loss was US$3.0 million, compared to an operating loss of US$4.7 million in the same... More