Tarena International Turns To Profit In Q1

(RTTNews) - Tarena International, Inc. (TEDU) posted first-quarter net income attributable to ordinary shareholders of US$405,398 or US$0.01 per share, compared to net loss of US$438,256 or US$0.04 per share in the comparable quarter last year.

Net revenue for the quarter rose 60.7% to US$24.34 million from US$15.14 million last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of US$0.01 per share on revenue of US$23.08 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects total net revenues to be between US$30.5 million and US$31.5 million. Analysts currently expects revenues of $30.27 million.