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

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

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

October 13, 2020 4:05 AM EDT

BEIJING, Oct. 13, 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 first fiscal quarter ended August 31, 2020, which is the first quarter of New Oriental's fiscal year 2021.   

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... More