Sunlands Technology falls on weak revenue outlook

Sunlands Technology

08/04/2022 11:27

** Shares of Chinese online education co Sunlands Technology
Group  STG.N  down ~25% at $4.11 in premarket trading following
a weak revenue forecast
    ** STG top pct loser among NYSE-listed stocks 
    ** Co expects Q1 revenue in the range of 590 mln yuan and
610 mln yuan ($92.71 mln-$95.86 mln), down 15% to 12.1% y/y 
    ** Co posted Q4 profit of 150.8 mln yuan vs a net loss of
73.5 mln yuan a year earlier 
    ** Q4 rev rose marginally to 588.9 mln yuan  urn:newsml:reuters.com:*:nPn3wgJBHa
    ** YTD, stock up 10.5% up to Thursday's close  


($1 = 6.3599 Chinese yuan renminbi)


 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))