The earnings report of China Online Education Group (NYSE: COE) was released in advance of the regular trading session, providing investors with an understanding of the company’s performance in the second quarter.
Wall Street has taken notice of the results, with earnings surpassing predictions while revenues did not align with market views.
In the quarter, the business incurred a loss of $0.18 per share, alongside revenue of $10.96 million.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q2 2024 | $-0.18 | +62.5% | 10.96 M | +75.1% |
| Q1 2024 | $-0.60 | -53.8% | 9.45 M | +70.1% |
| Q4 2023 | $-0.76 | -123.5% | 7.66 M | +51.6% |
| Q3 2023 | $-0.64 | -39.1% | 7.83 M | +70.4% |
| Q2 2023 | $-0.48 | +82.1% | 6.26 M | +77.5% |
*Growth on year-over-year basis
The topline accelerated 75.08 percent in comparison to the corresponding quarter of prior year.
The previous trading day saw 51 Talk Online Education (COE) shares trading between $13.50 and $14.49, besides a volume of 9.10 thousand shares. The stock closed Thursday’s regular trading session at $14.48, marking 12.86 percent rise.
