New Oriental: Fiscal 1Q Earnings Snapshot
BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Tuesday reported fiscal first-quarter net income of $209 million.
The Beijing-based company said it had profit of $1.31 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.44 per share.
The educational services provider posted revenue of $1.07 billion in the period.
For the current quarter ending in December, New Oriental said it expects revenue in the range of $753.6 million to $771 million.
New Oriental shares have more than doubled since the beginning of the year. The stock has climbed 91% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU