New Oriental Education (EDU) Tops Q1 EPS by 10c

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Go back to New Oriental Education (EDU) Tops Q1 EPS by 10c

New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2015

October 20, 2015 4:00 AM EDT

BEIJING, Oct. 20, 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 August 31, 2015, which is the first quarter of New Oriental's fiscal year 2016.

Financial Highlights for the First Fiscal Quarter Ended August 31, 2015

Total net revenues increased by 16.4% year-over-year to US$458.5 million for the first fiscal quarter of 2016. Operating income increased by 17.5% year-over-year to US$129.8 million for the first fiscal... More

New Oriental Announces Management Change

October 20, 2015 4:00 AM EDT

BEIJING, Oct. 20, 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 the promotion of Mr. Chenggang Zhou to the position of President, effective January 5, 2016. At the same time, Mr. Louis T. Hsieh will step down as President of New Oriental, but will remain on the Board of Directors of the Company and will serve as a non-executive Senior Adviser to the Company.

Mr. Zhou joined New Oriental in 2000 and has held... More