Revenue Update on China Online Education Group(NYSE:COE)

China Online Education Group(NYSE:COE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $18.467M. Analysts estimated a revenue of $20.620M. The revenues were -10.44% below the estimates. Earnings per share were $-1.04. The reported EPS was below estimates by -36.84%. Analysts had estimated an EPS of $-0.76.

China Online Education Group (COE) made into the market gainers list on Fridays trading session with the shares advancing 1.64% or 0.27 points. Due to strong positive momentum, the stock ended at $16.75, which is also near the day’s high of $16.79. The stock began the session at $16.49 and the volume stood at 28,720 shares. The 52-week high of the shares is $25.24 and the 52 week low is $12.45. The company has a current market capitalization of $335 M and it has 2,00,25,709 shares in outstanding.

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