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Last $3.25 USD
Change Today -0.06 / -1.81%
Volume 111.6K
XUE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

xueda education gr-spon adr (XUE) Key Developments

Xueda Education Group Announces Expansion Plans

Xueda Education Group is planning to open approximately net 45 to 50 learning centers in 2015, which represents around 10% of year-end square meter base. The company continues to open centers of 500 square meters or less with the focus of increasing coverage density in existing cities, but we'll also remain opportunistic in new locations.

Xueda Education Group Appoints Arthur Wong as Chairperson of the Board's Compensation Committee

Xueda Education Group announced that, effective immediately, Mr. Arthur Wong, an Independent Director of the Company's board of directors has been appointed to serve as Chairperson of the board's compensation committee. Mr. Wong replaces in this role Mr. William Hsu, who resigned from the Company's board of directors on April 27, 2015.

Xueda Education Group Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter 2015

Xueda Education Group reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net revenues were $85,430,000 compared to $85,254,000 a year ago. The increase reflects relatively flat revenue growth year-over-year from one-on-one tutoring and 96% revenue growth year-over-year from small group tutoring; offset by a revenue decrease in study tour offerings, principally from the Model United Nations program. Income from operations was $332,000 compared to $302,000 a year ago. Income before income tax expenses and loss in equity method investment was $1,655,000 compared to $1,768,000 a year ago. Income after income tax expenses before loss in equity method investment was $1,088,000 compared to $1,335,000 a year ago. Net income was $997,000 compared to $1,335,000 a year ago. Net income attributable to the company was $947,000 compared to $1,156,000 a year ago. Net income attributable to the company per ADS - diluted was $0.02 compared to $0.02 a year ago. Non-GAAP income from operations was $1,322,000 compared to $3,117,000 a year ago. Non-GAAP net income attributable to the company was $1,937,000 compared to $3,971,000 a year ago. Non-GAAP net income attributable to the company per ADS - diluted was $0.03 compared to $0.06 a year ago. Net operating cash inflow for the first quarter 2015 was $33.0 million, compared to $17.1 million inflow for the first quarter 2014. The increase in net operating cash inflow was mainly due to increased cash collections from student enrollment and renewal. Capital expenditures for the first quarter 2015 were $2.8 million, compared to $3.4 million for the first quarter 2014. For the second quarter 2015, the Company currently expects net revenues to be in the range between $110.0 million to $113.0 million, compared to $120.8 million for the same quarter of 2014 which included the one-time sales of Internet-enabled tablet devices sold in support of the launch of eXueda. Excluding the one-time sales of the Internet-enabled tablet devices, the total net revenues for the second quarter 2014 would have been $110.8 million. Non-GAAP net income attributable to the company per ADS to be in the range between $0.17 to $0.19, compared to non-GAAP diluted net income attributable to the company per ADS of $0.27 for the same quarter of 2014. Excluding the one-time sales of Internet-enabled tablet devices from the comparison, non-GAAP diluted EPS would be $0.30. This estimate assumes an effective income tax rate of 34% on non-GAAP income before income tax and weighted average diluted ADSs of 63.5 million. These estimates do not include any potential costs that may be incurred by the Company in connection with the preliminary proposal by Insight Investment Co. Ltd. to acquire all of the Company's outstanding shares. The guidance is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

Xueda Education Group to Report Q1, 2015 Results on May 19, 2015

Xueda Education Group announced that they will report Q1, 2015 results at 8:00 PM, Eastern Daylight on May 19, 2015

Xueda Education Group, Q1 2015 Earnings Call, May 19, 2015

Xueda Education Group, Q1 2015 Earnings Call, May 19, 2015

 

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ChinaCast Education Corp $0.0026 USD 0.00
New Oriental Education & Technology Group Inc $24.50 USD +0.22
TAL Education Group $36.24 USD -0.09
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