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Stock impact report

New Oriental Education Earnings In Line, But Revenue Guidance Weak [Investor's Business Daily]

New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU) 
Last new oriental education & technology group, inc. sponsored adr representing 10 ordinary share (cayman islands) earnings: 1/22 03:18 am Check Earnings Report
US:NYSE Investor Relations: investor.neworiental.org
Related news New Oriental Education & Technology ( EDU ) reported in-line earnings for the fiscal third quarter but guided low on revenue. Rival Chinese for-profit school stock TAL Education ( TAL ) posts earnings Thursday. New Oriental Education stock reversed higher Tuesday, and TAL Education stock extended gains. Increased regulations in the tutoring space in China have been a concern but analysts say that the regulations could actually help established players by keeping out upstarts. Estimates: Wall Street expected New Oriental Education earnings per share to jump 21% to 69 cents in fiscal Q3, though some consensus forecasts had it at 70 cents. Revenue was seen popping 27% to $784 million. Results: New Oriental Education earnings rose 21% to 69 cents a share. Revenue climbed 29% to $796.72 million. Outlook: The company expects Q4 revenue to rise 17%-20% to $820.6 million to $840.6 million. The consensus is $860.9 million. Shares of the IBD 50 member rose 2.8% to close at 92.9 Show less Read more
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