Gaotu Techedu Q1 2024 GAAP EPS RMB0.42 Up From RMB(0.05) YoY, Sales RMB946.885M Beat RMB943.701M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu (NYSE:GOTU) reported a significant improvement in its Q1 2024 earnings, with GAAP EPS of RMB0.42, up from a loss of RMB(0.05) YoY. Sales also increased by 33.87% to RMB946.885 million, beating estimates.
May 21, 2024 | 6:09 am
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Gaotu Techedu reported a significant improvement in Q1 2024 earnings, with GAAP EPS of RMB0.42, up from a loss of RMB(0.05) YoY. Sales increased by 33.87% to RMB946.885 million, beating estimates.
The significant improvement in earnings per share and the substantial increase in sales, which also beat analyst estimates, are likely to positively impact GOTU's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100