Sunlands Technology Group Expects Q4 Revenue of RMB490M-RMB510M, Down by 11.9%-15.3% YoY
Portfolio Pulse from Benzinga Newsdesk
Sunlands Technology Group forecasts Q4 2023 revenues between RMB490M-RMB510M, indicating a decline of 11.9%-15.3% compared to the previous year.
November 22, 2023 | 8:36 am
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NEGATIVE IMPACT
Sunlands Technology Group expects a decrease in Q4 2023 revenues by 11.9%-15.3% year-over-year.
The projected decline in revenue is a significant indicator of the company's performance and is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100