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

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

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

April 20, 2021 5:16 AM EDT

BEIJING, April 20, 2021 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2021, which is the third quarter of New Oriental's fiscal year 2021.   

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... More