New Oriental: Fiscal 3Q Earnings Snapshot

BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Tuesday reported fiscal third-quarter net income of $97.4 million.

On a per-share basis, the Beijing-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, were 69 cents per share.

The educational services provider posted revenue of $796.7 million in the period.

For the current quarter ending in May, New Oriental said it expects revenue in the range of $820.6 million to $840.6 million.

New Oriental shares have increased 65 percent since the beginning of the year. The stock has declined slightly more than 1 percent in the last 12 months.

_____

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