Gaotu Techedu Q2 EPS $(0.23) Misses $(0.21) Estimate, Sales $138.95M Beat $137.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu (NYSE:GOTU) reported Q2 earnings per share of $(0.23), missing the $(0.21) estimate, but sales of $138.95M beat the $137.45M estimate. This represents a significant decrease in EPS from last year but a notable increase in sales.
August 27, 2024 | 6:14 am
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Gaotu Techedu's Q2 earnings per share missed estimates, showing a significant decline from last year, but sales exceeded expectations with a substantial increase.
The mixed earnings report for Gaotu Techedu shows a miss in EPS, which is negative, but a beat in sales, which is positive. The significant sales growth may offset the EPS miss, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100