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China Distance posts 1Q profit

BEIJING (AP) _ China Distance Education Holdings Ltd. (DL) on Tuesday reported fiscal first-quarter profit of $8.6 million.

The Beijing-based company said it had profit of 26 cents per share. Earnings, adjusted for stock option expense, were 27 cents per share.

The online education company posted revenue of $32 million in the period.

For the current quarter ending in April, China Distance said it expects revenue in the range of $21.7 million to $22.9 million.

China Distance shares have decreased 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.15, a decline of 15 percent 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


Keywords: China Distance, Earnings Report