UPDATE: Brean Capital Starts New Oriental Education (EDU) at Buy
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New Oriental Announces Results for the Fourth Fiscal Quarter and Fiscal Year Ended May 31, 2016
July 20, 2016 4:00 AM EDTBEIJING, 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.  Â
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