Investing.com - LAIX reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LAIX announced earnings per share of -1.78 on revenue of 276.43M. Analysts polled by Investing.com anticipated EPS of -3.54 on revenue of 255.49M.
LAIX shares are down 46.5% from the beginning of the year and are trading at 2.60 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
LAIX follows other major Technology sector earnings this month
LAIX's report follows an earnings beat by Apple on July 30, who reported EPS of 2.58 on revenue of 59.69B, compared to forecasts EPS of 2.05 on revenue of 52.29B.
Alphabet C had beat expectations on July 30 with second quarter EPS of 10.13 on revenue of 38.3B, compared to forecast for EPS of 7.95 on revenue of 37.33B.
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