FOSHAN, China (AP) — FOSHAN, China (AP) — Bright Scholar Education Holdings Ltd. (BEDU) on Friday reported net income of $411,000 in its fiscal second quarter.
The Foshan, China-based company said it had profit of 1 cent per share. Earnings, adjusted for amortization costs and stock option expense, were 4 cents per share.
The provider of international education to Chinese students posted revenue of $72.4 million in the period.
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The company's shares closed at $1.88. A year ago, they were trading at $2.37.
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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