Gaotu Techedu Inc. (GOTU) announced Loss for third quarter of -RMB147.121 million
The company's earnings totaled -RMB147.121 million, or -RMB0.91 per share. This compares with -RMB471.273 million, or -RMB2.75 per share, last year.
The company's revenue for the period rose 30.7% to RMB1.579 billion from RMB1.208 billion last year.
Gaotu Techedu Inc. earnings at a glance (GAAP) :
-Earnings: -RMB147.121 Mln. vs. -RMB471.273 Mln. last year.-EPS: -RMB0.91 vs. -RMB2.75 last year.-Revenue: RMB1.579 Bln vs. RMB1.208 Bln last year.
For the third quarter, the company recorded a net loss of RMB 0.61 per ADS, compared with a loss of RMB 1.83 per ADS in the same period last year.
Excluding items, loss stood at RMB 137.745 million as against a loss of RMB 457.195 million a year ago.
Looking ahead, for the fourth quarter, Gaotu Techedu anticipates revenue of RMB1.628 billion to RMB1.648 billion, representing an increase of 17.2% to 18.7% on a year-over-year basis.
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