Market Overview

New Oriental Education: Q2 Earnings Insights

Share:

 

Shares of New Oriental Education (NYSE:EDU) rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 19.44% year over year to $0.43, which beat the estimate of $0.34.

Revenue of $887,689,000 up by 13.05% from the same period last year, which beat the estimate of $885,600,000.

Outlook

Q3 revenue expected between $1,099,000,000 and $1,145,000,000.

Details Of The Call

Date: Jan 22, 2021

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/vyqqbpdm

Recent Stock Performance

52-week high: $187.43

Company's 52-week low was at $102.01

Price action over last quarter: Up 11.80%

Company Overview

EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.

 

Related Articles (EDU)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com