New Oriental Education (EDU) Reports In-Line Q3 EPS, Offers Q4 Guidance

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Go back to New Oriental Education (EDU) Reports In-Line Q3 EPS, Offers Q4 Guidance

New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2019

April 23, 2019 4:31 AM EDT

BEIJING, April 23, 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 third fiscal quarter ended February 28, 2019, which is the third quarter of New Oriental's fiscal year 2019.   

Financial Highlights for the Third Fiscal Quarter Ended February 28, 2019

Total net revenues increased by 28.9% year-over-year to US$796.7 million for the third fiscal quarter of 2019. Operating income increased by 64.1% year-over-year to US$95.8 million for the third fiscal quarter of 2019.... More