51Talk Online Education Group Up 4.8% To $5.24 After Earnings

51Talk Online Education Group (COE) said before open Wednesday that it lost $0.46 per share in quarter three 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $4.6 million in revenue

In the same quarter a year ago, the company earned $2.2 per share on revenue of $90 million.

The stock is up 4.8% to $5.24 after the report.

51Talk Online Education Group's profit margins took a hit as earnings fell at a faster pace than revenues.

Trading in the five days leading up to the report earned 51Talk Online Education Group a Bullish Sentiment Rank from InvestorsObserver.

51Talk Online Education Group has performed a little above average during the past few months. Before the report, 51Talk Online Education Group received a Long-Term Technical Rank by InvestorsObserver of 58, putting it in the top half of stocks. The firm set a 52-week high on September 12, 2022 at $9.08 and set a 52-week low on May 16, 2022 at $4.

51 Talk Online Education Group is an online education platform in China, with core expertise in English education. The company's mission is to make quality education accessible and affordable. It's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand.