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Shares of GSX Techedu (NYSE:GSX) decreased 15% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 300.00% year over year to $0.04, which missed the estimate of $0.06.
Revenue of $233,587,000 higher by 353.40% from the same period last year, which beat the estimate of $233,320,000.
Guidance
Q3 revenue expected between $274,023,000 and $278,269,000.
Conference Call Details
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Date: Sep 02, 2020
Time: 08:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/gsx/mediaframe/40026/indexr.html
Recent Stock Performance
Company's 52-week high was at $141.78
Company's 52-week low was at $11.72
Price action over last quarter: Up 96.77%
Company Profile
GSX 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 provision of education services. It operates solely in the PRC and all assets are located in the PRC.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.