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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.
News For ATAI From The Last 14 Days
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February 3, 2016
08:29 EDTATAIATA Inc. announces private placement plan on New Third Board in China
ATA Inc. announced that its wholly owned subsidiary ATA Online Technology Limited has publicized a private placement plan in connection with no more than 16.76M common shares of ATA Online stock, representing approximately 30.0% of ATA Online's current shares outstanding prior to the private placement, priced at RMB 22.55 per common share. Total funds raised for the private placement are expected to amount to no more than RMB 377.9M, or approximately $57.5M at current exchange rates. The proceeds from this private placement are expected to be allocated toward increasing ATA Online's operating efficiencies, business development and other plans approved by the board to support ATA Online's future growth. ATA Online listed its shares on the National Equities Exchange and Quotations, or NEEQ, or New Third Board, in December 2015 to accelerate the growth of ATA's core testing services and other businesses, which are primarily conducted in China. In addition, the listing on the New Third Board allowed for flexibility to raise capital from the Chinese capital markets to fund ATA Online's future growth.

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