trending Market Intelligence /marketintelligence/en/news-insights/trending/mHnSV-ShSuDpvhSNZxmPNQ2 content esgSubNav
In This List

Tarena International swings to loss in Q1

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Blog

A Sustainability Framework for Customer and Supplier Credit Risk Management

Video

Lithium Import


Tarena International swings to loss in Q1

Tarena International Inc. said its normalized net income for the first quarter was a loss of 20 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 13 cents per share.

The per-share result swung to a loss from the prior-year profit of 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $10.4 million, compared with income of $4.0 million in the year-earlier period.

The normalized profit margin dropped to negative 5.9% from 2.7% in the year-earlier period.

Total revenue rose 15.5% year over year to $174.7 million from $151.3 million, and total operating expenses rose 35.2% from the prior-year period to $203.7 million from $150.7 million.

Reported net income came to a loss of $16.3 million, or a loss of 31 cents per share, compared to income of $1.2 million, or 6 cents per share, in the prior-year period.