ReutersReuters

US-listed shares of Gaotu fall after downbeat revenue forecast

** U.S.-listed shares of China's online education firm Gaotu Techedu GOTU slip 6.7% to $7.66 premarket after a downbeat revenue forecast

** Co's net revenue up 33.9% YoY to 946.9 million yuan; expects Q2 net revenue between 908 million yuan-928 million yuan

** Analysts were expecting Q1 revenue of 943.7 mln yuan and Q2 revenue of 1.02 bln yuan, as per LSEG estimates

** GOTU's non-GAAP net income plunge 97.7% YoY to 3.0 million yuan

** Six of eight brokerages rate the stock "buy" or higher and two "hold"; their median PT is $8.61

** As of last close, GOTU's stock had risen 125.96% YTD

($1 = 7.2375 Chinese yuan renminbi)

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