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Xueda Education Group Issues Q4 2012 Revenue Guidance Below Analysts' Estimates; Raises Low End Of Prior FY 2012 Revenue Guidance To A Range In Line With Estimates; Declares Special Cash Dividend

Monday, 19 Nov 2012 04:05pm EST 

Xueda Education Group announced that for the fourth quarter of 2012, it expects its net revenue to be in the range of $56.5 million to $59.5 million. For fiscal 2012, it expects net revenue to be in the range of $290.0 million to $293.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $60.3 million for the fourth quarter of 2012 and revenues of $292 million for fiscal 2012. The Company also announced that the Board of Directors has approved a special cash dividend of $0.25 per ordinary shares, or $0.50 per ADS. The cash dividend will be paid on or about December 31, 2012 to holders of record of the Company's ordinary shares and ADSs at the close of business on December 19, 2012. 

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22 Oct 2014