China Online Education Group Announces Second Quarter 2020 Results
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China Online Education Group (COE) Tops Q2 EPS by 14c, Revenues Beat
September 8, 2020 6:21 AM EDTChina Online Education Group (NYSE: COE) reported Q2 EPS of $0.25, $0.14 better than the analyst estimate of $0.11. Revenue for the quarter came in at $69.8 million versus the consensus estimate of $67.36 million.
Second Quarter 2020 Financial and Operating Highlights
Net revenues were RMB493.5 million (US$69.8 million), a 40.0% increase from RMB352.6 million for the second quarter of 2019.Gross margin was 70.9%, compared with 69.5% for the second quarter of 2019.GAAP net income was RMB32.8 million, representing GAAP net margin of 6.6%, compared with GAAP net loss RMB33.2 million and GAAP net margin of negative 9.4% for the second... More