Message :
Required fields
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 fiscal quarter of 2021.
Net income attributable to New Oriental increased by 9.9% year-over-year to US$151.3 million for the third fiscal quarter of 2021.
New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021
Quarterly Net Revenues Increased by 29.0% Year-Over-Year
Quarterly Student Enrollments Increased by 43.0% Year-Over-Year
News provided by
Share this article
Share this article
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.
New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
New Oriental Announces FY2021 Second Quarter and Interim Financial Results (Ended November 30, 2020)
Quarterly Net Revenues Increased by 13.1% Year-Over-Year
Quarterly Student Enrollments Increased by 10.4% Year-Over-Year
News provided by
Share this article
Share this article
BEIJING, Jan. 22, 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 second fiscal quarter ended November 30, 2020, which is the second quarter of New Oriental s fiscal year 2021.
Financial Highlights for the Second Fiscal Quarter Ended November 30, 2020
Total net revenues increased by 13.1% year-over-year to US$887.7 million for the second fiscal quarter of 2021.
Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
What happened
Shares of
New Oriental Education (NYSE:EDU) have gotten crushed today, down by as much as 10%, after the company reported fiscal second-quarter earnings. The results beat expectations, while guidance was mostly in line with current estimates.
So what
Revenue in the fiscal second quarter increased 13% to $887.7 million, which was ahead of the $882.3 million in sales that Wall Street analysts were modeling for. That translated into adjusted earnings per American depositary share (ADS) of $0.43, topping the consensus estimate of $0.33 per ADS in adjusted profits. The company recently listed its shares on the Hong Kong Stock Exchange, raising nearly $1.5 billion in fresh