China Distance Education Holdings Limited announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2017. For the quarter, the company reported total net revenues of $30,794,000 compared to $35,439,000 a year ago, primarily due to Xiamen NetinNet's revenue contribution of $0.9 million, partially offset by a decline in revenue from business start-up training services. Operating income was $5,985,000 compared to $4,684,000 a year ago. income before income taxes was $8,997,000 compared to $3,737,000 a year ago. Net income attributable to the company was $7,414,000 compared to profit of $2,927,000 a year ago. Basic and diluted earnings per share was $0.055 compared to $0.022 a year ago. Net income per diluted ADS was $0.218 compared to earnings per share of $0.089 a year ago. Non-GAAP operating income was $6,486,000 compared to income of $5,167,000 a year ago. Non-GAAP net income was $7,915,000 compared to $3,410,000 a year ago. Non-GAAP net income per diluted share was $0.058 compared to $0.026 a year ago. Non-GAAP net income diluted per ADS attributable to the company was $0.233 compared to diluted $0.026 a year ago. Net operating cash inflow decreased by 11.6% to $7.8 million in the second quarter of fiscal 2017 from $8.8 million in the prior year period.

For the nine months, the company reported total net revenues of $79,308,000 compared to $89,280,000 a year ago. Operating income was $14,142,000 compared to $10,573,000 a year ago. Income before income taxes was $17,689,000 compared to $12,851,000 a year ago. Net income attributable to the company was $14,065,000 compared to $9,069,000 a year ago. Diluted income per share was $0.101 compared to $0.068 a year ago. Net income per diluted ADS was $0.403 compared to $0.273 a year ago. Non-GAAP operating income was $15,655,000 compared to $12,038,000 a year ago. Non-GAAP net income was $15,578,000 compared to $10,534,000 a year ago. Non-GAAP net income per diluted share was $0.111 compared to $0.079 a year ago. Non-GAAP net income diluted per ADS attributable to the company was $0.446 compared to $0.317 a year ago. Net operating cash inflow increased by 4.2% to $34.5 million in the first nine months of fiscal 2017 from $33.1 million in the prior year period.

The company provided earnings guidance for the fourth quarter and fiscal year 2017. For the fourth quarter, the company expects to generate total net revenue in the range of $40.2 million to $42.1 million, representing a year-over-year increase of approximately 5% to 10%.

For fiscal year 2017, the company expects to generate total net revenues in the range of $129.4 million to $131.3 million, representing year-over-year growth of approximately 10.1% to 11.7%.