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RISE Education: 2Q Earnings Snapshot

BEIJING (AP) _ RISE Education Cayman Ltd. (REDU) on Thursday reported second-quarter earnings of $3.1 million.

On a per-share basis, the Beijing-based company said it had net income of 5 cents. Earnings, adjusted for stock option expense and amortization costs, were 14 cents per share.

The provider of after-school English and tutoring services posted revenue of $53.5 million in the period.

For the current quarter ending in October, RISE Education said it expects revenue in the range of $60.1 million to $61.1 million.

RISE Education shares have increased almost 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.01, a decline of 28% 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 REDU at https://www.zacks.com/ap/REDU