NEW YORK (TheStreet) -- Shares of China Distance Education Holdings Ltd. (DL) are climbing higher by 18.97% to $17.81 in mid-morning trading on Wednesday, after the company, which provides online educational opportunities in China, reported a year-over-year increase in its 2014 fourth quarter earnings results.
China Distance said its net income for the most recent quarter grew to $13.4 million, or 37.5 cents per diluted ADS, compared to $9.1 million, or 26.6 cents per diluted ADS for the 2013 fourth quarter.
The company said its net revenue increased by 30.3% to $35.3 million for the latest quarter, from $27.1 million for the same period last year.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
"These strong results reflect the successful execution of our balanced growth strategy, namely, our unrelenting focus on providing our students with high quality courses, services and best-in-class online learning experiences, which helps our students achieve their educational goals and helps the company build well-known and trusted online education brands," said company CEO Zhengdong Zhu.
Separately, TheStreet Ratings team rates CHINA DISTANCE EDUCATION-ADR as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHINA DISTANCE EDUCATION-ADR (DL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: DL Ratings Report