GSX Announces Second Quarter 2020 Unaudited Financial Results

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GSX (GSX) Discloses SEC Investigation

September 2, 2020 7:16 AM EDT

GSX Techedu Inc. (NYSE: GSX) disclosed an SEC Investigation in its earnings press release, stating:

"Following a number of short-seller reports about the Company from approximately February 2020 to approximately July 2020, the SEC's Division of Enforcement contacted the Company, requesting it to produce certain financial and... More

GSX Techedu Inc. (GSX) Misses Q2 EPS by 5c

September 2, 2020 6:24 AM EDT

GSX Techedu Inc. (NYSE: GSX) reported Q2 EPS of $0.01, $0.05 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $233.6 million versus the consensus estimate of $232.75 million.

Business Outlook:

Based on the Company's current estimates,... More