U.S. markets closed

China Distance: Fiscal 1Q Earnings Snapshot

BEIJING (AP) _ China Distance Education Holdings Ltd. (DL) on Tuesday reported a fiscal first-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Beijing-based company said it had a loss of 5 cents.

The online education company posted revenue of $51.4 million in the period.

For the current quarter ending in April, China Distance said it expects revenue in the range of $41.9 million to $43.8 million.

The company expects full-year revenue in the range of $239.4 million to $250 million.

China Distance shares have fallen 7.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.48, a rise of roughly 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DL at https://www.zacks.com/ap/DL