Gaotu Techedu Q3 Adj EPADS $(0.02) Down From $(0.02) YoY, Sales $108.20M Up From $85.21M YoY
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu (NYSE:GOTU) reported a Q3 adjusted EPS loss of $(0.02), consistent with the same period last year. However, sales increased by 26.97% to $108.20M from $85.21M YoY.
November 22, 2023 | 9:16 am
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POSITIVE IMPACT
Gaotu Techedu's Q3 earnings report showed a stable loss per share of $(0.02) but a significant increase in sales, indicating potential growth.
While the EPS remained unchanged, the substantial increase in sales suggests that the company is growing, which could be viewed positively by investors. This may lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100