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Gaotu Techedu (GOTU) Gets a Buy From Huatai Securities
With the help of AI, Gaotu Techedu achieved profitability for the first time since the sixth quarter! Operation costs still exceed 1 billion|Directly covering the Earnings Conference.
① Earnings Reports show that AI-enabled product innovations under Gaotu account for about 85% of total revenue in Q1 K12 Business, with a year-on-year growth rate exceeding 80%. ② Gaotu's Earnings Reports indicate that, compared to nearly 1.5 billion yuan in revenue in the first quarter, operating expenses reached as high as 1.0058 billion yuan.
Gaotu Projects Q2 Revenue Growth of up to 35% While Advancing AI-powered Education and $100M Buyback
Deere Posts Upbeat Earnings, Joins Foot Locker, Boot Barn, Cisco And Other Big Stocks Moving Higher On Thursday
Gaotu Techedu Rises 18.9%
U.S. stock market movement | Gaotu Techedu (GOTU.US) surged over 19%, turning a profit in the first quarter year-on-year.
On Thursday, Gaotu Techedu (GOTU.US) surged over 19%, closing at $4.53.
