RYB: Q1 Earnings Snapshot
Posted July 6, 2021 4:16 pm.
Last Updated July 6, 2021 4:17 pm.
BEIJING (AP) _ RYB Education Inc. (RYB) on Tuesday reported a loss of $1.8 million in its first quarter.
On a per-share basis, the Beijing-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 4 cents per share.
The provider of early childhood education services posted revenue of $36.7 million in the period.
For the current quarter ending in July, RYB said it expects revenue in the range of $51 million to $52 million.
In the final minutes of trading on Tuesday, the company’s shares hit $4.23. A year ago, they were trading at $3.05.
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The Associated Press