The second quarter financial results of Gaotu Techedu (NYSE: GOTU) will be revealed on Tuesday 27th August 2024. This eagerly awaited announcement is slated to occur before market open, enabling investors and market participants to gain valuable insights into the company's financial performance.
the enterprise is projected to announce an estimated per share $0.21 loss for the quarter, as predicted by financial analysts on Wall Street. Moreover, the company is expected to disclose a total revenue of $137.21 million for this period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $0.03. This figure was a result of the company's total revenue, which reached an impressive $96.96 million million during that specific period.
The company's yearly performance has been analyzed by Wall Street analysts, who have projected a total revenue of $624.77 million. Moreover, they anticipate the company to disclose loss of $0.28 per share for the fiscal year.
GOTU will host a conference call with investment community on 27th August 2024 at 08:00 AM eastern time to discuss the financial results.
Gaotu Techedu (GOTU) closed Friday's regular trading session at $4.06, marking a 1.46 percent decrease. The stock fluctuated between $4.04 and $4.18 during the day, with a volume of 965.80 thousand shares.
