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Xueda Education Group Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance

Thursday, 16 May 2013 04:05pm EDT 

Xueda Education Group announced that for the second quarter of 2013, it expects net revenue to be in the range of $110 million to $113 million. Non-GAAP diluted net income attributable to Xueda Education Group per ADS to be in the estimated range of $0.25 to $0.26. This estimate assumes an effective income tax rate of 20% on non-GAAP income before income tax and weighted average diluted ADSs of 66.3 million. For the full year 2013, the Company reiterates its previously provided guidance and expects net revenue to be in the range of $342.0 million to $352.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $114 million and EPS of $0.25 for the second quarter of 2013; revenues of $349.7 million for fiscal 2013 

Company Quote

-0.01 -0.41%
26 Dec 2014