ChinaEdu Corp. slides on Q1 earnings miss, issues revenue guidance below the Street
Share of ChinaEdu Corp. (Nasdaq:CEDU) are treading lower ahead of the bell after the educational services provider in China reported first-quarter results Wednesday evening that fell short of the forecast on Wall Street. Adding to investors’ souring sentiment, the company issued second-quarter revenue guidance below analysts’ estimates.
Shares flopped 11%, or $0.78, to $6.44 ahead of the bell. For detailed price information and recent news stories about ChinaEdu, click CEDU.
