OptionDan commented on a stock · Jun 6, 2022 02:42

Gaotu Techedu Swings to Q1 Adjusted Profit, Revenue Declines

$Gaotu Techedu(GOTU.US)$ 03:24 AM EDT, 06/06/2022 (MT Newswires) -- Gaotu Techedu (GOTU) reported Q1 non-GAAP earnings Monday of 0.35 renminbi ($0.05) per American depositary share, compared with a non-GAAP loss of 5.20 renminbi per ADS a year earlier.

Net revenue for the quarter ended March 31 was 724.6 million renminbi, down from 1.94 billion renminbi a year ago. A single analyst surveyed by Capital IQ projected 549 million renminbi.

Looking ahead, the education company said it expects Q2 net revenue of between 438 million renminbi and 458 million renminbi. A single analyst surveyed by Capital IQ expects 196 million renminbi.

Price: 1.35, Change: +0.03, Percent Change: +2.27

https://www.moomoo.com/en-us/news/post/11384313/gaotu-techedu-swings-to-q--adjusted-profit--revenue-declines?src=2&futusource=news_stock_stockpagenews&report_type=stock&report_id=15849375&from=3&skin=1&level=1&data_ticket=47b6b65e02a3cdb6a67d6e998ce2d8cc&utm_medium=futu_niuniu_share&utm_content=web_share&utm_campaign=news&utm_term=15849375&data_ticket=47b6b65e02a3cdb6a67d6e998ce2d8cc

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