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Gaotu Techedu Newsroom
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products
ESG Weekly | The trade-in program boosts sales to over 1 trillion yuan; Chen Xiangdong establishes the Peking Gaotu Charity Fund; Starbucks China sets up CGO for the first time.
Important events in the ESG field this week include: reports show that the situation in the Arctic intensifies Global warming; Xiaomi debunks rumors of "refusing to hire employees over 35 years old"; the former CFO of McDonald's China joins Bawang Chaji.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Trending Industry Today: Bilibili Leads Losses In Online Education Stocks
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
Trending Industry Today: Bilibili Leads Gains In Online Education Stocks
Trending Industry Today: Gaotu Techedu Leads Gains In China Mainland Education Stocks
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
gaotu techedu (GOTU.US), which saw a sharp decline in trading volume after the financial report: an exodus triggered by a financial report of "increased revenue but not increased profits".
A financial report showing "increased revenue without increased profit" has been presented to investors, which is the main reason for the sharp decline in gaotu techedu's stock price. On December 4th, gaotu techedu's stock price fell significantly by 11.07%, dipping to a low of $2.49 during the session, giving back all the gains since November 27th.
Q3 2024 Gaotu Techedu Inc Earnings Call
Gaotu Techedu Reports Revenue Growth Amid Rising Losses
Hong Kong stocks morning report on December 5: Most china concept stocks fell, Meitu cleared its crypto profits of about 0.571 billion yuan.
The latest Beige Book survey from the Federal Reserve shows a slight increase in economic activity in November. Federal Reserve Chairman Powell stated that the Fed can remain cautious when looking for the neutral interest rate. President Trump selected digital assets advocate Paul Atkins to be the chairman of the U.S. Securities and Exchange Commission, causing a surge in cryptocurrencies and related stocks. The three major U.S. stock indexes hit record highs on Wednesday, while most popular China concept stocks fell.
12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
Earnings Call Summary | Gaotu Techedu(GOTU.US) Q3 2024 Earnings Conference
Gaotu Techedu Shares Are Trading Lower After the Company Reported Worse-than-expected Q3 Financial Results.
Foot Locker Posts Downbeat Results, Joins Couchbase And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Gaotu Techedu Q3 24 Earnings Conference Call At 8:00 AM ET
In the third quarter, gaotu techedu's revenue was 1.2 billion yuan, with a net adjusted loss of 0.46 billion yuan.
On the evening of December 4, Peking time, gaotu techedu (NYSE: GOTU) announced its third quarter financial report for 2024, ending on September 30: net revenue was 1.2083 billion yuan, a year-on-year increase of 53.1%. The net loss was 0.4713 billion yuan, while the net loss for the same period in 2023 was 57.7 million yuan; excluding US Generally Accepted Accounting Principles, the adjusted net loss was 0.4572 billion yuan, while the net loss for the same period in 2023 was 41.7 million yuan. Third quarter performance: net revenue was 1.2083 billion yuan, a growth of 53.1% compared to 0.7894 billion yuan in the third quarter of 2023.
Gaotu Techedu | 6-K: Report of foreign private issuer (related to financial reporting)