Investing.com - China Distance Education reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
China Distance Education announced earnings per share of $0.09 on revenue of $50.71M. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $51.19M.
China Distance Education shares are up 11.25% from the beginning of the year and are trading at $9.00 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
China Distance Education follows other major Services sector earnings this month
China Distance Education's report follows an earnings beat by Amazon.com on July 30, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Alibaba ADR had beat expectations on August 20 with first quarter EPS of $14.82 on revenue of $153.75B, compared to forecast for EPS of $13.82 on revenue of $148B.
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