China Online Education Group Announces First Quarter 2019 Results
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China Online Education Group (COE) Reports Q1 Loss of $0.45
June 14, 2019 5:49 AM EDTChina Online Education Group (NYSE: COE) reported Q1 EPS of ($0.45). Revenue for the quarter came in at $48.1 million.
"We had a solid start in 2019, with both revenues and gross billings topping the high end of our guidance," said Mr. Jack Jiajia Huang, Founder, Chairman and Chief Executive Officer of 51Talk. "Our first quarter results reflect the successful and consistent execution of our strategic initiatives which focus on our flourishing K-12 one-on-one mass-market program in China\'s lower-tier cities.
"We continue to streamline our business to focus our resources on providing... More
