New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021

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Go back to New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021

New Oriental Education (EDU) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus

April 20, 2021 5:35 AM EDT

New Oriental Education (NYSE: EDU) reported Q3 EPS of $0.10, $0.03 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.14 billion.

Financial Highlights for the Third Fiscal Quarter Ended February 28, 2021

Total net revenues increased by 29.0% year-over-year to US$1,190.5 million for the third fiscal quarter of 2021.Operating income decreased by 13.5% year-over-year to US$101.5 million for the third fiscal quarter of 2021.Net income attributable to New Oriental increased by 9.9% year-over-year to US$151.3 million for the third fiscal quarter of 2021.

Michael Yu, New... More