China Online Education Group Announces First Quarter 2021 Results
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China Online Education Group (COE) Reports In-Line Q1 EPS, Revenues Miss
May 17, 2021 5:58 AM EDTChina Online Education Group (NYSE: COE) reported Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $91.6 million versus the consensus estimate of $92.73 million.
"We are delighted to report another solid quarter as first quarter net revenue reached RMB600.4 million, a 23.3% year-over-year increase that once again beat the top end of our guidance," said Mr. Jack Jiajia Huang, Founder, Chairman and Chief Executive Officer of 51Talk. "Remarkably, our net revenues from K12 one-on-one mass market offering grew 36.0% compared to first quarter last year. This performance... More
