RYB: 3Q Earnings Snapshot
BEIJING (AP) _ RYB Education Inc. (RYB) on Monday reported a loss of $7.1 million in its third quarter.
The Beijing-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, came to 23 cents per share.
The provider of early childhood education services posted revenue of $32.6 million in the period.
For the current quarter ending in December, RYB said it expects revenue in the range of $42 million to $43 million.
In the final minutes of trading on Monday, the company’s shares hit $2.77. A year ago, they were trading at $5.57.