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Why Did Gaotu Techedu Soar 12.89%?
Generated by AI AgentAinvest Movers Radar
Thursday, May 15, 2025 6:35 am ET1min read
On May 15, 2025, Gaotu Techedu's stock surged by 12.89% in pre-market trading, marking a significant rise in investor confidence.
Gaotu Techedu recently announced its first-quarter 2025 unaudited financial results, which included the approval of a new share repurchase program. This program authorizes up to US$100 million over the next three years, effective immediately. The move is seen as a strategic effort to enhance shareholder value and stabilize the company's stock price.
The company's financial performance for the first quarter of 2025 showed a net earnings per ADS of RMB 0.49, a notable improvement from the loss of RMB 0.05 per ADS reported in the same period last year. This turnaround in earnings is a positive indicator of the company's financial health and operational efficiency.
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