SPOKANE, Wash., Oct. 20, 2010 (GLOBE NEWSWIRE) -- Ambassadors Group, Inc. (Nasdaq:EPAX), a leading provider of educational travel experiences and online education research materials, announced $0.77 fully diluted per share earnings for the nine months ended September 30, 2010, a 44 percent decline over $1.37 fully diluted per share earnings for the same period one year ago. Net income for the nine months ended September 30, 2010 was $14.8 million, compared to $26.4 million for the same period in 2009. Delegates traveled declined 22 percent, resulting in a $40 million reduction in gross receipts year-over-year. Gross margin as a percentage of gross receipts was 41 percent during both the nine months ended September 30, 2010 and 2009. Comparing the third quarters ended September 30, 2010 and 2009, fully diluted per share earnings decreased 42 percent to $0.37 in 2010 from $0.64 in 2009, and net income decreased 43 percent to $7.1 million in 2010 from $12.5 million in 2009.
Ambassadors Group, Inc. Reports Results For The Third Quarter Of 2010 And An Increase In 2011 Enrolled Revenue
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