GSX Techedu Inc. (GOTU) Misses Q1 EPS by 47c

GSX Techedu Inc. (NYSE: GOTU) reported Q1 EPS of ($0.85), $0.47 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $296.15 billion versus the consensus estimate of $292.38 billion.

Business Outlook:

Based on the Company's current estimates, total net revenues for the second quarter of 2021 are expected to be between RMB2,140 million and RMB2,158 million, representing an increase of 30% to 31% on a year-over-year basis. These estimates reflect the Company's current expectations, which are subject to change.

For earnings history and earnings-related data on GSX Techedu Inc. (GOTU) click here.

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