Gaotu Techedu Inc ADR Down 5.51% To $2.63 After Earnings

Gaotu Techedu Inc ADR (GOTU) said before open Wednesday that it lost $0.022 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $108.2 million in revenue

In the same quarter a year ago, the company lost $0.02 per share on revenue of $85.2 million.

The stock is down 5.51% to $2.63 after the report.

Gaotu Techedu Inc ADR's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Sell.

Gaotu Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services.