China Distance Education Hldgs Ltd (ADR) (DL) Releases Earnings Results, Beats Expectations By $0.01 EPS

China Distance Education Hldgs Ltd (ADR) (DL) reported quarterly earnings results on Tuesday, May-24-2016. The company said it had a profit of $0.087 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.08. The company posted revenue of $24.10 million in the period, compared to analysts expectations of $24.56 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.049 EPS.

China Distance Education Hldgs Ltd (ADR) (DL) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.8 and reached the intraday high at $13.83. The bulls started the profit booking and pushed the shares to intraday low of $13.745. The trading session was marked by a volume range of 79,132 shares exchanging hands. The 52-week high of the shares is $19.3 and the 52-week low is $7.85. The market cap of the company stands at $484 M and there are 3,50,71,683 shares in public circulation.

China Distance Education Holdings Limited (CDEL) is a provider of online education focusing on professional education helping professionals who aim to obtain professional licenses satisfy continuing education requirements to maintain their licenses and improve their practical job skills through its professional development courses. For the year ended September 30 2013 the Company had course enrollments of over 2.7 million. As of September 30 2013 the Company had 24 million cumulative registered users.

China Distance Education Hldgs Ltd (ADR)

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