China Online Education Group (COE) Reports Q2 Loss of RMB18.40/Share

August 23, 2016 6:16 AM EDT
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China Online Education Group (NYSE: COE) reported Q2 EPS of (RMB18.40), versus (RMB17.79) reported last year. Revenue for the quarter came in at RMB96.9 million, versus RMB31.9 million reported last year.

Active students rose 118.7 percent to 86.6 thousand.

Outlook

For the third quarter of 2016, the Company currently expects:

  • Net revenues to be between RMB116.0 million to RMB121.0 million, which would represent an increase of approximately 169% to 181% from RMB43.1 million for the same quarter last year; and
  • Gross billings to be between RMB220.0 million to RMB226.0 million, which would represent an increase of approximately 122% to 128% from RMB99.1 million for the same quarter last year.

For earnings history and earnings-related data on China Online Education Group (COE) click here.



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