New Oriental Education (EDU) Tops Q2 EPS by 13c

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Go back to New Oriental Education (EDU) Tops Q2 EPS by 13c

New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2018

January 22, 2019 3:18 AM EST

BEIJING, Jan. 22, 2019 /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 second fiscal quarter ended November 30, 2018, which is the second quarter of New Oriental's fiscal year 2019.   

Financial Highlights for the Second Fiscal Quarter Ended November 30, 2018

Total net revenues increased by 27.8% year-over-year to US$597.1 million for the second fiscal quarter of 2019. Operating loss increased by 118.5% year-over-year to US$28.6 million for the second fiscal quarter of 2019.... More