New Oriental Education (NYSE: EDU) reported Q1 EPS of $0.90, $0.02 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $534.1 million versus the consensus estimate of $521.77 million.

Operating Highlights for the First Fiscal Quarter Ended August 31, 2016

• Total student enrollments in academic subjects tutoring and test preparation courses increased by 31.2% year-over-year to approximately 1,326,300 for the first fiscal quarter of 2017.
• The total number of schools and learning centers was 771 as of August 31, 2016, an increase of 50 compared to 721 as of August 31, 2015, and an increase of 23 compared to 748 as of May 31, 2016. The total number of schools was 67 as of August 31, 2016.

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