China Online Education Group Announces Third Quarter 2020 Results
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China Online Education Group (COE) Tops Q3 EPS by 12c
November 23, 2020 6:49 AM ESTChina Online Education Group (NYSE: COE) reported Q3 EPS of $0.20, $0.12 better than the analyst estimate of $0.08. Revenue for the quarter came in at $79.3 million versus the consensus estimate of $79.57 million.
Third Quarter 2020 Financial and Operating Highlights
Net revenues were RMB538.5 million (US$79.3 million), a 31.8% increase from RMB408.7 million for the third quarter of 2019.Gross margin was 72.8%, compared with 71.6% for the third quarter of 2019.GAAP net income was RMB31.6 million, representing GAAP net margin of 5.9%, compared with GAAP net loss RMB5.8 million and GAAP net margin of negative 1.4% for the... More