Gaotu Techedu shares are trading higher after the company reported a year-over-year increase in Q1 adjusted EPADS and better-than-expected sales results.
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu reported a YoY increase in Q1 adjusted EPADS and better-than-expected sales results, leading to a rise in its share price.
May 30, 2023 | 1:17 pm
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Gaotu Techedu's Q1 adjusted EPADS and sales results exceeded expectations, resulting in a higher share price.
Gaotu Techedu reported better-than-expected Q1 results, including a YoY increase in adjusted EPADS and sales. This positive financial performance is likely to boost investor confidence and drive the share price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100