New Oriental Education (EDU) Tops Q1 EPS by 38c, Tops on Revenue

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Go back to New Oriental Education (EDU) Tops Q1 EPS by 38c, Tops on Revenue

New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2022

October 26, 2022 6:29 AM EDT

BEIJING, Oct. 26, 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 first fiscal quarter ended August 31, 2022, which is the first quarter of New Oriental's fiscal year 2023.

Financial Highlights for the First Fiscal Quarter Ended August 31, 2022

Total net revenues decreased by 43.1% year over year to US$744.8 million for the first fiscal quarter of 2023.Operating income... More