RISE Education Cayman (REDU) Tops Q2 EPS by 14c

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Go back to RISE Education Cayman (REDU) Tops Q2 EPS by 14c

RISE Education Announces Second Quarter 2020 Unaudited Financial Results

August 13, 2020 4:00 PM EDT

BEIJING, Aug. 13, 2020 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), a leading junior English Language Training ("ELT") provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Impact of COVID-19

The outbreak of COVID-19 in late January 2020 had a significant and material adverse impact on the Company's operations during the first half of 2020. In accordance with government regulations to contain the outbreak, RISE's learning centers were temporarily closed starting January 19, 2020 until June 2020. This adversely impacted the Company's... More