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Is Gaotu Techedu Stock a Buy?

TheMotleyFool

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Share prices of Gaotu Techedu (NYSE: GOTU), the Chinese online education company formerly known as GSX Techedu, surged 26% on Sept. 22 after it posted its second-quarter earnings report.

The company's revenue rose 35% year over year to 2.23 billion yuan ($345.1 million), but its net loss of 918.9 million yuan ($143 million) marked a steep drop from its net profit of 18.6 million ($2.9 million) a year ago. On a non-GAAP basis, it posted a net loss of 763.9 million yuan ($118.1 million), compared to a profit of 72.7 million yuan ($11.2 million) a year earlier.

Image source: Getty Images.

Source Fool.com

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