New Oriental Announces FY2021 Second Quarter and Interim Financial Results (Ended November 30, 2020)

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Go back to New Oriental Announces FY2021 Second Quarter and Interim Financial Results (Ended November 30, 2020)

UPDATE: New Oriental Education (EDU) Tops Q2 EPS by 9c, Revenues Beat; Offers 3Q Revenue Outlook

January 22, 2021 5:47 AM EST

(Updated - January 22, 2021 5:50 AM EST)

New Oriental Education (NYSE: EDU) reported Q2 EPS of $0.43, $0.09 better than the analyst estimate of $0.34. Revenue for the quarter came in at $887.69 million versus the consensus estimate of $885.6 million.

Financial Highlights for the Second Fiscal Quarter Ended November 30, 2020

Total net revenues increased by 13.1% year-over-year to US$887.7 million for the second fiscal quarter of 2021.Operating loss was US$32.1 million for the second fiscal quarter of 2021, compared to an income of US$25.3 million in the same period of the prior fiscal year.Net income... More