CORRECTION: Sunlands Technology Q4 GAAP EPADS $1.59 Down From $1.89 YoY, Sales $76.30M Down From $83.89M YoY
Portfolio Pulse from Benzinga Newsdesk
Sunlands Technology (NYSE:STG) reported a decrease in Q4 GAAP earnings per ADS to $1.59 from $1.89 YoY and a sales decline to $76.30M from $83.89M YoY.
March 22, 2024 | 9:49 am
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NEGATIVE IMPACT
Sunlands Technology reported a decrease in both earnings per ADS and sales in Q4 compared to the same period last year.
The reported decrease in both earnings per ADS and sales for Sunlands Technology (STG) in Q4 compared to the previous year indicates a negative performance trend. This is likely to impact investor sentiment negatively in the short term, leading to a potential decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100