U.S. Markets closed

China Distance: Fiscal 3Q Earnings Snapshot

BEIJING (AP) _ China Distance Education Holdings Ltd. (DL) on Tuesday reported fiscal third-quarter profit of $9.4 million.

On a per-share basis, the Beijing-based company said it had profit of 28 cents. Earnings, adjusted for stock option expense, came to 30 cents per share.

The online education company posted revenue of $61.7 million in the period.

For the current quarter ending in September, China Distance said it expects revenue in the range of $63.3 million to $66.5 million.

The company expects full-year revenue in the range of $206.4 million to $209.6 million.

In the final minutes of trading on Tuesday, the company's shares hit $4.47. A year ago, they were trading at $8.12.


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