New Oriental Education (EDU) Misses Q2 EPS by 2c

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Go back to New Oriental Education (EDU) Misses Q2 EPS by 2c

New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2017

January 23, 2018 3:04 AM EST

BEIJING, Jan. 23, 2018 /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 second fiscal quarter ended November 30, 2017, which is the second quarter of New Oriental's fiscal year 2018.   

Financial Highlights for the Second Fiscal Quarter Ended November 30, 2017

Total net revenues increased by 36.9% year-over-year to US$467.2 million for the second fiscal quarter of 2018. Operating loss was US$13.1 million for the... More