Benzinga | Nov 23, 2020 07:06AM EST

Recap: China Online Education Q3 Earnings



Shares of China Online Education Gr (NYSE:COE) decreased 0.2% after the company reported Q3 results.

Quarterly Results

Earnings per share were up 150.00% over the past year to $0.02, which missed the estimate of $0.08.

Revenue of $79,307,000 higher by 38.55% year over year, which beat the estimate of $79,180,000.

Outlook

Q4 revenue expected to be between $77,324,000 and $78,061,000.

Conference Call Details

Date: Nov 23, 2020

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/coe/mediaframe/42032/indexr.html

Recent Stock Performance

52-week high: $37.19

Company's 52-week low was at $5.48

Price action over last quarter: Up 37.72%

Company Description

China Online Education Group is a leading online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.