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Stock Alert: GSX Techedu Inc. (GSX) Shares Soar On Strong Q4

Shares of GSX Techedu Inc. (GSX) are rising above 12% today, following the company's announcement of strong Q4 results. The stock has been trading in a range of $8.53 - $42.07 in the past one year.

The company reported Q4 net income of RMB174.5 million or RMB 0.74 per ADS, versus RMB23.0 million or RMB 0.70 per ADS in the fourth quarter of 2018.

Non-GAAP net income increased to RMB197.8 million, from RMB27.6 million in the fourth quarter of 2018.

Net revenues reached RMB 935.0 million, a 412.9% increase from RMB 182.3 million in the fourth quarter of 2018, largely driven by the growth in paid course enrollments for K-12 courses.

The company projects Q1 total net revenues to be between RMB1,086 million and RMB1,106 million, representing an increase of 303.4% - 310.8% on a year-over-year basis.

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