UPDATE: China Online Education Group (COE) Tops Q1 EPS by 19c, Revenues Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/14/2026
- Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
- SK Hynix’s record plunge drags down global chip stocks
- Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
- Ditching streaming could boost Disney stock by 40%, Wells Fargo says
- AstraZeneca stock dips as HSBC downgrades stock on 'tough path ahead'
China Online Education Group Announces First Quarter 2020 Results
May 26, 2020 6:46 AM EDTBEIJING, May 26, 2020 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the first quarter ended March 31, 2020.
First Quarter 2020 Financial and Operating Highlights
Net revenues were RMB487.1 million (US$68.8 million), a 52.2% increase from RMB320.1 million for the first quarter of 2019. Gross margin was 70.4%, compared with 67.0% for the first quarter of 2019. GAAP net income was RMB50.8Â million, compared with GAAP... More