Sunlands Technology Group Announces Unaudited Third Quarter 2019 Financial Results
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Sunlands Online Education (STG) Reports Q3 Revenues Miss
November 22, 2019 5:32 AM ESTSunlands Online Education (NYSE: STG) reported Q3 EPS of ($2.66). Revenue for the quarter came in at $73.8 million versus the consensus estimate of $78.15 million.
Third Quarter 2019 Financial and Operational Highlights
Net revenues were RMB527.3 million (US$73.8 million), representing a 2.0% increase year-over-year.Gross billings (non-GAAP) were RMB613.6 million (US$85.8 million), representing a 18.8% decrease year-over-year.Gross profit was RMB413.6 million (US$57.9 million), representing a 2.5% decrease year-over-year.Net loss was RMB129.8 million (US$18.2 million), representing a 42.6% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 24.6% from 43.8%... More