New Oriental Education (EDU) Tops Q4 EPS by 2c

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Go back to New Oriental Education (EDU) Tops Q4 EPS by 2c

New Oriental Announces Results for the Fourth Fiscal Quarter and Fiscal Year Ended May 31, 2016

July 20, 2016 4:00 AM EDT

BEIJING, July 20, 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 fourth fiscal quarter and fiscal year ended May 31, 2016.   

Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2016

Total net revenues increased by 20.1% year-over-year to US$394.9 million for the fourth fiscal quarter of 2016. Operating income increased by 61.1% year-over-year to US$37.1 million for the fourth fiscal quarter of 2016. Net income... More