Sunlands Technology Expects Q2 Net Revenues RMB480M-RMB500M, Which Would Represent A Decrease Of 5.0%-8.8% YoY
Portfolio Pulse from Benzinga Newsdesk
Sunlands Technology expects Q2 net revenues to be between RMB480M and RMB500M, representing a year-over-year decrease of 5.0%-8.8%. This outlook is based on current market conditions and preliminary estimates, which are subject to substantial uncertainty.
May 24, 2024 | 9:10 am
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Sunlands Technology expects a decrease in Q2 net revenues by 5.0%-8.8% YoY, indicating potential challenges in market conditions and customer demand.
The expected decrease in net revenues suggests that Sunlands Technology is facing challenges in market conditions and customer demand. This negative outlook is likely to impact investor sentiment and could lead to a short-term decline in the stock price.
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