Sunlands Technology Group (STG) Reports Q1 Loss of $1.36/sh

(Updated - May 27, 2020 6:39 AM EDT)

Sunlands Technology Group (NYSE: STG) reported Q1 EPS of ($1.36). Revenue for the quarter came in at $79.8 million versus the consensus estimate of $74.35 million.

Outlook:

For the second quarter of 2020, Sunlands currently expects net revenues to be between RMB500.0 million to RMB520.0 million, which would represent a decrease of 9.5% to 5.9% year-over-year.

The above outlook is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty.

For earnings history and earnings-related data on Sunlands Online Education (STG) click here.

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