New Oriental Education (EDU) Tops Q3 EPS by 7c

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Go back to New Oriental Education (EDU) Tops Q3 EPS by 7c

New Oriental Announces Chief Financial Officer Appointment

April 21, 2015 4:01 AM EDT

BEIJING, April 21, 2015 /PRNewswire/-- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced a transition in the role of the Company's Chief Financial Officer.

Mr. Stephen Zhihui Yang, the current Vice President of Finance, will be promoted to Chief Financial Officer of the Company, effective April 21, 2015. Mr. Louis T. Hsieh, the current Chief Financial Officer, will remain as the Company's President, overseeing overall corporate strategy and business development,... More

New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2015

April 21, 2015 4:00 AM EDT

BEIJING, April 21, 2015 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the fiscal quarter ended February 28, 2015, which is the third quarter of New Oriental's fiscal year 2015.   

Financial Highlights for the Third Fiscal Quarter Ended February 28, 2015

Total net revenues increased by 13.1% year-over-year to US$287.7 million for the third fiscal quarter of 2015. Total net revenues would have increased 14.6%... More