US-Listed Shares of Gaotu Fall 15% After Downbeat Revenue Forecast
Reuters05-21
** U.S.-listed shares of China's online education firm Gaotu Techedu slip 15% after a downbeat revenue forecast
** Co's net revenue up 33.9% YoY to 946.9 million yuan; expects Q2 net revenue between 908 million yuan-928 million yuan
** Analysts were expecting Q1 revenue of 943.7 mln yuan and Q2 revenue of 1.02 bln yuan, as per LSEG estimates
** GOTU's non-GAAP net income plunge 97.7% YoY to 3.0 million yuan
** Six of eight brokerages rate the stock "buy" or higher and two "hold"; their median PT is $8.61
** As of last close, GOTU's stock had risen 125.96% YTD
($1 = 7.2375 Chinese yuan renminbi)
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