RYB Education (RYB) reported a first-quarter adjusted net loss attributable to shareholders of $0.04 per ADS, compared with $0.03 in the year-ago period. Analysts polled by Capital IQ had reached a consensus mean of $0.01 in earnings per ADS for the recent quarter.

The China-based company, which provides early childhood education services, also recorded net revenue of $34.3 million, up from $28.8 million in the first quarter of 2018.

Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!



RYB, in its earnings report, noted the April closing of its acquisition of a private childhood education group. It bought a 77% equity interest in the Singapore-based group for RMB146 million ($21.1 million), gaining personnel and a bilingual curriculum. It had previously said it would buy an approximate 70% stake for RMB125 million in cash and that it would rebrand to GEH Education from RYB.

RYB expects to record net revenue of $52.1 million to $54.5 million in the second quarter and net revenue of $195.5 million to $203.5 million for the full year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Comment

Your email address will not be published. Required fields are marked *