China Online Education Group Announces Fourth Quarter 2020 Results
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China Online Education Group (COE) Tops Q4 EPS by 12c, Revenues Beat
March 5, 2021 5:53 AM ESTChina Online Education Group (NYSE: COE) reported Q4 EPS of $0.21, $0.12 better than the analyst estimate of $0.09. Revenue for the quarter came in at $82 million versus the consensus estimate of $81.15 million.
Fourth Quarter 2020 Financial and Operating Highlights
Net revenues were RMB535.1 million (US$82.0 million), a 34.7% increase from RMB397.2 million for the fourth quarter of 2019.Gross margin was 72.7%, compared with 72.1% for the fourth quarter of 2019.GAAP net income was RMB31.8 million, compared with GAAP net income RMB0.8 million for the fourth quarter of 2019.Non-GAAP net income[1] was RMB38.6 million, compared... More