Tarena Q2 Earnings Top Estimates Driven By Relatively Stable Market Demand
Portfolio Pulse from Shivani Kumaresan
Tarena International Inc (NASDAQ:TEDU) reported Q2 FY23 sales of $75.16 million, beating the analyst consensus of $71.96 million. Net revenues decreased by 16.0% YoY to RMB545.0 million. Total student enrollments in IT-focused supplementary STEAM education increased 0.6% to 177,500. The company held $50.8 million in cash and equivalents as of June 30, 2023. Adjusted earnings per ADS of $0.10 beat the consensus estimate of $(0.02). TEDU shares closed higher by 10.96% at $2.53 on Monday.
August 29, 2023 | 10:59 am
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POSITIVE IMPACT
Tarena International's Q2 FY23 sales and adjusted earnings per ADS beat analyst consensus, despite a decrease in net revenues. The company's shares closed higher by 10.96%.
Tarena International's Q2 FY23 sales and adjusted earnings per ADS beat analyst consensus, which is a positive signal for investors. Despite a decrease in net revenues, the company's shares closed higher, indicating a positive market response. This could potentially lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100