Loading...
Loading...
- China Online Education Group COE reported second-quarter FY21 sales growth of 17.5% year-on-year, to RMB579.8 million ($89.8 million), missing the analyst consensus of $90.92 million.
- Gross billings decreased 18.7% Y/Y to RMB549.9 million ($85.2 million). Active students rose 35.7% Y/Y to 404,700.
- The gross margin for the quarter expanded 180 basis points Y/Y to 72.7%.
- The operating loss for the quarter was RMB(33.8) million or $(5.2) million.
- The company held RMB1.64 billion ($254.4 million) in cash and equivalents as of June 30, 2021. Operating cash outflow totaled RMB69.7 million ($10.8 million).
- Non-GAAP loss per ADS was $(0.13) and Non-GAAP loss per share was $(0.01). The analysts had expected $(0.31).
- Outlook: China Online Education currently expects Q3 net revenues of RMB550.0 million - RMB555.0 million, representing an increase of 2.1% - 3.1% from RMB538.5 million last year. This implies revenue of $85.18 million - $85.95 million, versus the consensus of $98.16 million.
- Price Action: COE shares are trading higher by 10.5% at $3.15 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in