Investing.com - New Oriental Education&Tech reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
New Oriental Education&Tech announced earnings per share of $-0.56 on revenue of $614.09M. Analysts polled by Investing.com anticipated EPS of $-1.1 on revenue of $356.06M.
New Oriental Education&Tech shares are down 50.48% from the beginning of the year, still down 93.67% from its 52 week high of $164.40 set on April 29, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
New Oriental Education&Tech shares lost 0.96% in pre-market trade following the report.
New Oriental Education&Tech follows other major Consumer Discretionary sector earnings this month
New Oriental Education&Tech's report follows an earnings beat by Tesla on April 20, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.
BYD ADR had missed expectations on March 29 with first quarter EPS of $0.0661 on revenue of $11.18B, compared to forecast for EPS of $0.2333 on revenue of $6.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar