China Distance: Fiscal 4Q Earnings Snapshot

BEIJING (AP) _ China Distance Education Holdings Ltd. (DL) on Tuesday reported fiscal fourth-quarter net income of $9.7 million.

The Beijing-based company said it had net income of 29 cents per share. Earnings, adjusted for asset impairment costs and stock option expense, came to 38 cents per share.

The online education company posted revenue of $53.6 million in the period.

For the year, the company reported profit of $11.6 million, or 35 cents per share. Revenue was reported as $166.7 million.

For the current quarter ending in January, China Distance said it expects revenue in the range of $38.7 million to $40.5 million.

The company expects full-year revenue in the range of $208.3 million to $216.7 million.

China Distance shares have dropped 17 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.66, a decrease of slightly more than 3 percent in the last 12 months.

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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