New Oriental Education (EDU) Misses Q4 EPS by 73c

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Go back to New Oriental Education (EDU) Misses Q4 EPS by 73c

New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2022 and Adoption of up to US$400 Million Share Repurchase Program

July 27, 2022 6:21 AM EDT

BEIJING, July 27, 2022 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2022.

Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2022

Total net revenues decreased by 56.8% year over year to US$524.0 million for the fourth fiscal quarter of 2022.Operating loss was US$105.6 million for the fourth fiscal quarter... More