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Gaotu Techedu to Report First Quarter 2024 Financial Results on May 21, 2024
Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in ...
Changes in US stocks | Gaotu closed up 6.67%. BOC International expects its total revenue for the first quarter to increase 32% year over year
On April 26 | GOTU.US (GOTU.US) closed up 6.67% to $6.88. According to the BOC International Research Report, Gaotu's total revenue for the first quarter of 2024 is expected to increase 32% year-on-year to 937 million yuan (RMB, same below). Compared with the previous company's guidance of 908 million yuan to 928 million yuan (up 8.4% to 31.2% year on year), education service revenue is expected to increase 31%, of which K12 will increase 33% and college student income will increase 26%.
Changes in US stocks | China's education sector rose higher (GOTU.US) by more than 7%
The education sector in China is rising. As of press release, the high road has risen by more than 7%
Gaotu Techedu, Coffee Holding Among Consumer Staples Movers
Express News | Gaotu established Xinjian Intelligent Technology Company, which includes multiple AI businesses
Behind the popularity of Dongfang Selection Live Streaming, Education and Training Company has already left the market at a loss
Recently, there has been a marked decline in the number of people on Gaotu Jiapin's live broadcast room. During most periods, the number of people online at the same time did not exceed 1,000, and the daily delivery amount was about 250,000 yuan to 500,000 yuan.