FOSHAN, China (AP) — FOSHAN, China (AP) — Bright Scholar Education Holdings Ltd. (BEDU) on Monday reported a loss of $139.3 million in its fiscal fourth quarter.
The Foshan, China-based company said it had a loss of $4.68 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 44 cents per share.
The provider of international education to Chinese students posted revenue of $50.5 million in the period.
For the year, the company reported that its loss widened to $140.5 million, or $4.72 per share. Revenue was reported as $247.6 million.
The company's shares closed at $1.83. A year ago, they were trading at $1.10.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEDU at https://www.zacks.com/ap/BEDU
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.