New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2024
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
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US:NYSE Investor Relations:
investor.neworiental.org
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Source: PR Newswire
BEIJING, April 24, 2024 /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 third fiscal quarter ended February 29, 2024, which is the third quarter of New Oriental's fiscal year 2024.Financial Highlights for the Third Fiscal Quarter Ended February 29, 2024Total net revenues increased by 60.1% year over year to US$1,207.3 million for the third fiscal quarter of 2024.Operating income increased by 70.6% year over year to US$113.4 million for the third fiscal quarter of 2024.Net income attributable to New Oriental increased by 6.8% year over year to US$87.2 million for the third fiscal quarter of 2024.Key Financial Results (in thousands US$, except per ADS(1) data)3Q FY20243Q FY2023% of changeNet revenues1,207,286754,15360.1 %Operating income113,43266,49170.6 %Non-GAAP operating income (2)(3)140,90287,89560.3 %Ne
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News
- Earnings Miss: New Oriental Education & Technology Group Inc. Missed EPS By 11% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- New Oriental Education & Technology Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- New Oriental Education & Technology Group Inc. (NYSE: EDU) had its price target raised by analysts at Citigroup Inc. from $66.00 to $127.00. They now have a "buy" rating on the stock.MarketBeat
- New Oriental Education & Technology Group Inc. (NYSE:EDU) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New Oriental Education & Technology Group (EDU) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
EDU
Earnings
- 4/24/24 - Beat
EDU
Sec Filings
- 4/24/24 - Form 6-K
- 4/9/24 - Form 6-K
- 2/22/24 - Form 144
- EDU's page on the SEC website