Market Overview

UPDATE: New Oriental Education Q4 Profit Up 14%

Share:
Related EDU
Benzinga's Top Initiations
BNP Initiates New Oriental Education With Buy

New Oriental Education & Technology Group (NYSE: EDU) reported a 14% rise in its fourth-quarter earnings.

New Oriental Education projects current-quarter revenue of $342.7 million to $356.3 million, versus analysts' estimates of $354 million.

New Oriental Education's quarterly profit surged to $16.3 million, or 10 cents per American depositary share (ADS), up from $14.3 million, or 9 cents per ADS, in the year-ago period. However, analysts were expecting earnings of $0.11 per ADS.

Its revenue jumped 41% to $193.3 million, versus its April forecast of $182.7 million to $189.6 million.

Its operating margin fell to 4.9% from 7.6%.

New Oriental Education shares closed at $22.26 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (EDU)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→