New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2020

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Go back to New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2020

New Oriental Education (EDU) Tops Q1 EPS by 14c, Revenues Beat

October 13, 2020 6:06 AM EDT

New Oriental Education (NYSE: EDU) reported Q1 EPS of $1.15, $0.14 better than the analyst estimate of $1.01. Revenue for the quarter came in at $986.4 million versus the consensus estimate of $956.52 million.

Financial Highlights for the First Fiscal Quarter Ended August 31, 2020

Total net revenues decreased by 8.0% year-over-year to US$986.4 million for the first fiscal quarter of 2021.Operating income decreased by 38.9% year-over-year to US$150.3 million for the first fiscal quarter of 2021.Net income attributable to New Oriental decreased by 16.4% year-over-year to US$ 174.7million for the first fiscal quarter of 2021.

Operating Highlights for... More