GSX Techedu, Inc (GSX) CEO Larry Chen on Q3 2019 Results - Earnings Call Transcript

Nov. 09, 2019 11:42 PM ETGaotu Techedu Inc. (GOTU) StockGOTU
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Q3: 2019-11-05 Earnings Summary

EPS of $0.02 beats by $0.00
 | Revenue of $79.48M beats by $10.73M

GSX Techedu, Inc (GSX) Q3 2019 Earnings Conference Call November 5, 2019 8:00 AM ET

Company Participants

Sandy Qin - Head of Investor Relations
Larry Chen - Chairman and CEO
Nan Shen - CFO

Conference Call Participants

Alexander Yu - Credit Suisse
Xiaoguang Zhao - Barclays
CH Chan - CLSA

Operator

Ladies and gentlemen, thank you for standing by and welcome to the GSX Techedu Third Quarter 2019 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded on Tuesday, the 5th of November of 2019.

I would now like to hand the conference over to your first speaker today, Ms. Sandy Qin, IR Senior Manager of GSX. Thank you. Please go ahead.

Sandy Qin

Thank you, operator. Hello, everyone, and thank you for joining us today. GSX earnings release was distributed earlier today and is available on the company's Investor Relations website.

On the call with me today are Mr. Larry Chen, GSX Founder, Chairman and Chief Executive Officer; and Ms. Shannon Shen, Chief Financial Officer. Larry will give a general overview and then Shannon will discuss the financials. Following the prepared remarks, Larry and Shannon will be available to answer your questions during the Q&A session that follows.

Before we begin, I would like to remind you that this conference call contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict, and many of which are beyond the company's control, and may cause the company's actual results, performance or achievements to differ materially. Further information regarding these and other risks, uncertainties or factors is included in the company's filings with the SEC. The company does not

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