Revenue Update on China Distance Education Hldgs Ltd (ADR)(NYSE:DL)

China Distance Education Hldgs Ltd (ADR)(NYSE:DL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Nov 29, 2016. Company reported revenue of $38.24M. Analysts estimated a revenue of $35.70M. The revenues were $2.54M or 7.11% above the estimates. Earnings per share were $0.39. The reported EPS was above estimates by $0.09 or 28.33%. Analysts had estimated an EPS of $0.30.

China Distance Education Hldgs Ltd (ADR) (DL) shares turned negative on Tuesdays trading session with the shares closing down -0.0286 points or -0.22% at a volume of 43,402. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.375. The peak price level was also seen at $13.375 while the days lowest was $13.09. Finally the shares closed at $13.27. The 52-week high of the shares is $15.825 while the 52-week low is $8.97. According to the latest information available, the market cap of the company is $442 M.

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.

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