New Oriental Education (EDU) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus

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Go back to New Oriental Education (EDU) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus

New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2020

April 21, 2020 6:37 AM EDT

Quarterly Net Revenues Increased by 15.9% Year-Over-YearQuarterly Operating Income Increased by 22.4% Year-Over-YearQuarterly Net Income Attributable to New Oriental Increased by 41.4% Year-Over-Year

BEIJING, April 21, 2020 /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 29, 2020, which is the third quarter of New Oriental's fiscal year 2020.   

Financial Highlights for the Third Fiscal Quarter Ended February 29, 2020

Total net revenues increased... More