- Sunlands Technology Group STG reported a third-quarter FY22 sales decline of 3.2% year-on-year to $81.00 million. EPS for the quarter was $3.38.
- Gross billings for the quarter decreased 21% Y/Y to RMB365.5 million ($51.4 million).
- Gross profit for the quarter fell 4% to RMB491.3 million ($69.1 million), with a margin of 85.2%.
- Operating expenses for the quarter fell 24.5% to RMB325.0 million ($45.7 million).
- New student enrollment jumped 44.7% Y/Y to 134,987.
- The company held $119.3 million in cash and equivalents as of September 30, 2022.
- Outlook: Sunlands sees Q4 revenue of RMB520 million - RMB540 million, an 8.3% - 11.7% decrease Y/Y.
- Price Action: STG shares are trading higher by 1.01% at $4.00 in premarket on the last check Wednesday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
