Tarena International, Inc. Announces the Results for the Fourth Quarter and Fiscal Year of 2020
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Tarena Int'l (TEDU) Reports Q4 Loss of $0.26, Revenues Beat
March 19, 2021 6:05 AM EDTTarena Int'l (NASDAQ: TEDU) reported Q4 EPS of ($0.26). Revenue for the quarter came in at $99.7 million versus the consensus estimate of $58.85 million.
Fourth Quarter 2020 Highlights
Net revenues increased by 27.6% year-over-year to RMB650.3 million (US$99.7 million), from RMB509.6 million in the same period of 2019.Net revenue from adult education business, which represented 54.2% of the total net revenues, increased by 7.2% year-over-year to RMB352.4 million (US$54.0 million), from RMB328.7 million in the same period of 2019.Net revenue from K-12 education business, which represented 45.8% of the total net revenues, increased by 64.7% year-over-year to... More
