LAIX (NASDAQ:LAIX) Announces Quarterly Earnings Results, Beats Estimates By $1.93 EPS

LAIX (NASDAQ:LAIX) released its quarterly earnings results on Tuesday. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($2.19) by $1.93, Morningstar.com reports. The company had revenue of $40.27 million for the quarter. LAIX updated its Q3 2019 guidance to EPS.

LAIX stock opened at $5.85 on Wednesday. LAIX has a 52-week low of $5.35 and a 52-week high of $16.50. The stock’s 50 day moving average is $9.35 and its two-hundred day moving average is $10.36.

A hedge fund recently bought a new stake in LAIX stock. BlackRock Inc. acquired a new position in shares of LAIX Inc. (NASDAQ:LAIX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,570 shares of the company’s stock, valued at approximately $65,000.

Separately, Zacks Investment Research raised LAIX from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st.

About LAIX

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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