Strategic Initiatives To Aid New Oriental (EDU) Q3 Earnings
Zacks Investment Research | Apr 17, 2019 10:29PM ET
New Oriental Education & Technology Group Inc. (NYSE:EDU) is slated to report third-quarter fiscal 2019 results on Apr 23, before the opening bell. In the last reported quarter, the company’s adjusted earnings of 14 cents increased 68.6% from the year-ago level of 9 cents.
New Oriental’s fiscal second-quarter revenues also improved 27.8% from a year ago to $597.1 million. The upside was mainly attributable to its key business unit, K-12 all-subjects after-school tutoring, which recorded revenue growth of 38% year over year, given solid U-Can middle and high school all-subjects after-school tutoring business, and POP Kids program.
Notably, shares of China's largest after-school tutoring service provider have gained 47% compared with its Original post
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