Gaotu Techedu Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
For the nine months, sales was CNY 2,199.8 million compared to CNY 1,868.58 million a year ago. Net income was CNY 112.35 million compared to net loss of CNY 57.44 million a year ago. Basic earnings per share from continuing operations was CNY 0.4333 compared to basic loss per share from continuing operations of CNY 0.22 a year ago. Diluted earnings per share from continuing operations was CNY 0.42 compared to diluted loss per share from continuing operations of CNY 0.22 a year ago.