New Oriental Education (EDU) Misses Q4 EPS by 5c, Revenues Beat; Offers 1Q Revenue Guidance Below Consensus

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Go back to New Oriental Education (EDU) Misses Q4 EPS by 5c, Revenues Beat; Offers 1Q Revenue Guidance Below Consensus

New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2020

July 28, 2020 5:09 AM EDT

Fiscal Year Net Revenues Increased by 15.6% Year-Over-YearFiscal Year Student Enrollments Increased by 26.3% Year-Over-Year Fiscal Year Net Income Attributable to New Oriental Increased by 73.6% Year-Over-Year

BEIJING, July 28, 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 fourth fiscal quarter ended May 31, 2020.

Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2020

Total net revenues decreased by 5.3% year-over-year to US$798.5... More