RISE Education Announces Second Quarter 2020 Unaudited Financial Results
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RISE Education Cayman (REDU) Tops Q2 EPS by 14c
August 13, 2020 4:29 PM EDTRISE Education Cayman (NASDAQ: REDU) reported Q2 EPS of ($0.13), $0.14 better than the analyst estimate of ($0.27).
Second Quarter of 2020 Financial and Operational Summary
Total revenues were RMB165.0 million (US$23.4 million) in the second quarter of 2020, compared with RMB109.0 million for the preceding quarter and RMB367.1 million for the second quarter of 2019.Net loss attributable to RISE was RMB58.0 million (US$8.2 million) in the second quarter of 2020, compared with net loss of RMB103.8 million for the preceding quarter and net income of RMB21.2 million for the second quarter of 2019.Non-GAAP... More