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Stock Market & Financial Investment News

News Breaks
February 5, 2013
11:17 EDTATAIATA Inc. falls after lowering FY13 guidance
ATA Inc. (ATAI), a provider of computer based testing services in China, reported Q3 earnings per ADS excluding share-based compensation expense and foreign currency exchange gain of 26c, consensus 28c. Q3 revenue rose 24.9% from the prior year to $28.8M. The company lowered its revenue guidance for FY13 to RMB352M-RMB362M from its previous view of RMB390M-RMB410M. ATA also lowered its FY13 net income view to RMB18M-RMB23M, from its previous view of RMB40M-RMB50M. The company attributed its revision in guidance to lower-than-expected results from the TOEIC and HR Select businesses and weaker demand for the Securities Association of China exam. In late morning trading, ATA is down 51c or almost 9%, to $5.18.
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July 22, 2014
09:16 EDTATAIATA Inc. forms joint venture with New Oriental in China
ATA Inc. announced that it has entered into an agreement with New Oriental Education & Technology Group, a provider of private educational services in China, to form a joint venture that will provide online and mobile education and training to working professionals in China. Using New Oriental's existing Koolearn.com online education website and its distribution channels, the joint venture will develop a new online education and training website, as well as mobile apps, catering to the workforce in China with an initial focus on the healthcare, accounting, and finance industries. ATA will invest RMB 13.5M, representing a 45% stake in the new joint venture company, and New Oriental will invest RMB 16.5M for a 55% stake.

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