Four Seasons Education (FEDU) Misses Q2 EPS by 1c, Revenues Miss

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Four Seasons Education Reports Second Quarter Fiscal 2019 Unaudited Financial Results

October 24, 2018 7:31 AM EDT

SHANGHAI, Oct. 24, 2018 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading after-school math education service provider for elementary school students in Shanghai, today announced its unaudited financial results for the second quarter fiscal year 2019, ended August 31, 2018.

Second Quarter Fiscal Year 2019 Financial and Operational Highlights

Revenue increased by 20.7% to RMB93.4 million (US$13.7 million) from RMB77.4 million in the same period of last year. Gross profit decreased by 1.3% to RMB48.8 million (US$7.1 million) from RMB49.4... More