Gaotu Techedu Q3 Earnings Miss Estimate

Benzinga12-04

Gaotu Techedu (NYSE:GOTU) reported quarterly losses of RMB(1.78) per share which missed the analyst consensus estimate of RMB(0.97) by 83.51 percent. The company reported quarterly sales of RMB1.208 billion which missed the analyst consensus estimate of RMB1.211 billion by 0.24 percent. This is a 53.03 percent increase over sales of RMB789.400 million the same period last year.

Gaotu Techedu shares dropped 6% in overnight trading.

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