Sunlands Technology Group Announces Unaudited Second Quarter 2019 Financial Results
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Sunlands Online Education (STG) Misses Q2 EPS by 16c, Revenues Beat
August 23, 2019 6:42 AM EDTSunlands Online Education (NYSE: STG) reported Q2 EPS of ($0.27), $0.16 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $80.5 million versus the consensus estimate of $79.55 million.
Second Quarter 2019 Financial and Operational Highlights
Net revenues were RMB552.7 million (US$80.5 million), representing a 14.7% increase year-over-year.Gross billings (non-GAAP) were RMB438.2 million (US$63.8 million), representing a 43.1% decrease year-over-year.Gross profit was RMB457.0 million (US$66.6 million), representing a 16.2% increase year-over-year.Net loss was RMB12.9 million (US$1.9 million), representing a 95.3% decrease year-over-year. Net loss margin, defined as net loss as a... More