New Oriental Education (EDU) Misses Q1 EPS by 10c, Revenues Beat; Offers 2Q Revenue Outlook Below Consensus

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Go back to New Oriental Education (EDU) Misses Q1 EPS by 10c, Revenues Beat; Offers 2Q Revenue Outlook Below Consensus

New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2018 and Adoption of up to US$200 Million Share Repurchase Program

October 23, 2018 4:59 AM EDT

BEIJING, Oct. 23, 2018 /PRNewswire/ -- New Oriental Education & 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 first fiscal quarter ended August 31, 2018, which is the first quarter of New Oriental's fiscal year 2019.   

Financial Highlights for the First Fiscal Quarter Ended August 31, 2018

Total net revenues increased by 30.1% year-over-year to US$859.8 million for the first fiscal quarter of 2019. Operating income increased by 0.2% year-over-year to US$161.3 million for the first fiscal... More