Investing.com - New Oriental Education&Tech reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
New Oriental Education&Tech announced earnings per share of $-0.1487 on revenue of $595.89M. Analysts polled by Investing.com anticipated EPS of $-0.1174 on revenue of $358.24M.
New Oriental Education&Tech shares are down 27.62% from the beginning of the year, still down 92.39% from its 52 week high of $19.97 set on February 16, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
New Oriental Education&Tech follows other major Consumer Discretionary sector earnings this month
New Oriental Education&Tech's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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