China Distance Education Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2017
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%.