Sunlands Technology Registers 3% Revenue Decline In Q3


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


  • Sunlands Technology Group (NYSE:STG) reported a third-quarter FY22 sales decline of 3.2% year-on-year to $81.00 million. EPS for the quarter was $3.38.
  • Gross billings for the quarter decreased 21% Y/Y to RMB365.5 million ($51.4 million).
  • Gross profit for the quarter fell 4% to RMB491.3 million ($69.1 million), with a margin of 85.2%.
  • Operating expenses for the quarter fell 24.5% to RMB325.0 million ($45.7 million).
  • New student enrollment jumped 44.7% Y/Y to 134,987.
  • The company held $119.3 million in cash and equivalents as of September 30, 2022.
  • Outlook: Sunlands sees Q4 revenue of RMB520 million - RMB540 million, an 8.3% - 11.7% decrease Y/Y.
  • Price Action: STG shares are trading higher by 1.01% at $4.00 in premarket on the last check Wednesday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: EarningsNewsPenny StocksGuidanceGeneralBriefs