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Why New Oriental Education Stock Popped Today

Jeremy Bowman, The Motley Fool
·2-min read
Why New Oriental Education Stock Popped Today

Shares of New Oriental Education & Technology Group (NYSE: EDU) were jumping after the Chinese tutoring company posted better-than-expected results in its fiscal first-quarter earnings report. New Oriental is still adjusting its business after China banned for-profit tutoring in core K-12 education a year ago. Because of the new policy regarding for-profit tutoring, New Oriental Education has been forced to close schools and learning centers -- the total number fell from 1,556 a year ago to 706.

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