Gaotu Techedu Q1 2024 GAAP EPS RMB0.42 Up From RMB(0.05) YoY, Sales RMB946.885M Beat RMB943.701M Estimate

Gaotu Techedu (NYSE:GOTU) reported quarterly earnings of RMB0.42 per share. This is a 940 percent increase over losses of RMB(0.05) per share from the same period last year. The company reported quarterly sales of RMB946.885 million which beat the analyst consensus estimate of RMB943.701 million by 0.34 percent. This is a 33.87 percent increase over sales of RMB707.292 million the same period last year.