Why Is QuantaSing Stock Gaining Today?
Why Is QuantaSing Stock Gaining Today?
QuantaSing Group Limited (NASDAQ:QSG) shares are trading higher in the premarket session on Tuesday.
周二盘前，QuantaSing集团有限公司（纳斯达克：QSG）的股票价格较高。
The Chinese online learning service provider authorized a share repurchase program under which it may repurchase up to $20.0 million of its Class A ordinary shares in the form of American depositary shares.
这家中国在线学习服务提供商通过授权股份回购计划，可以以美国存托凭证的形式回购其最多价值2,000万美元的A类普通股。
The repurchase is for twelve months, commencing on June 11, 2024.
回购期为12个月，自2024年6月11日起。
"The Share Repurchase Program is well-aligned with our commitment to maximizing value for our shareholders and reflects the Board's confidence in the Company's continued growth and long-term prospects," said Peng Li, QuantaSing's Chairman and Chief Executive Officer.
QuantaSing的董事长兼首席执行官Peng Li说：“股份回购计划与我们致力于为股东创造最大价值的承诺非常一致，反映了董事会对公司持续增长和长期前景的信恳智能。"
On June 9 last year, the company announced that its board of directors had approved a share repurchase program of up to $20.0 million.
去年6月9日，公司宣布其董事会已批准最多2,000万美元的股份回购计划。
As of March 31, the company had cumulatively repurchased an aggregate of approximately 2.6 million ADSs for approximately $11.5 million under the program.
截至3月31日，公司累计回购了约260万股美国存托凭证，回购金额约为1150万美元。
The company had cash and cash equivalents and short-term investments of $159.3 million as of March-end.
截至3月底，公司的现金及现金等价物和短期投资达1.593亿美元。
For the fourth quarter, the company expects its revenues to be in the range of RMB900.0 million to RMB930.0 million, representing a year-over-year increase of 8.7% to 12.3%.
该公司预计第四季度的收入将在人民币9.00亿元至9.30亿元的区间内，同比增长8.7%至12.3%。
Price Action: QSG shares are trading higher by 21.5% to $1.98 premarket at last check Tuesday.
截至本文发布，QSG股票正在盘前涨21.5%，报1.98美元。
Image from Shutterstock
来自Shutterstock的图片