Brean Capital Raises Price Target on New Oriental Education (EDU) Following Strong 3Q

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Go back to Brean Capital Raises Price Target on New Oriental Education (EDU) Following Strong 3Q

New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2016

April 19, 2016 4:00 AM EDT

BEIJING, April 19, 2016 /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 29, 2016, which is the third quarter of New Oriental's fiscal year 2016.   

Financial Highlights for the Third Fiscal Quarter Ended February 29, 2016

Total net revenues increased by 20.6% year-over-year to US$346.9 million for the third fiscal quarter of 2016. Operating income increased by 32.6% year-over-year to US$42.3 million for the third fiscal quarter... More