Tarena International, Inc. Announces Third Quarter 2020 Results
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Tarena Int'l (TEDU) Reports Q3 Loss of $0.17, Revenues Beat
November 13, 2020 5:48 AM ESTTarena Int'l (NASDAQ: TEDU) reported Q3 EPS of ($0.17), versus $0.00 reported last year. Revenue for the quarter came in at $88.8 million versus the consensus estimate of $58.85 million.
Third Quarter 2020 Highlights
Net revenues decreased by 5.8% year-over-year to RMB620.8 million (US$88.8 million), from RMB659.2 million in the same period of 2019.Net revenue from adult education business, which represented 53.4% of the total net revenues, decreased by 38.8% year-over-year to RMB331.2 million (US$47.4 million), from RMB541.5 million in the same period of 2019.Net revenue from K-12 education business, which represented 46.6% of the total net revenues, increased by 146.0%... More