New Oriental Education & Technology - ADR

NYSE:EDU   3:59:59 PM EDT
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Other Pre-Announcement

New Oriental Announces Q1 Rev Of $986.4 Mln Vs Refinitiv IBES Estimate Of $956.5 Mln

Published: 10/13/2020 08:22 GMT
New Oriental Education & Technology Group Inc (EDU) - Announces Results for the First Fiscal Quarter Ended August 31, 2020.
Sees Q2 Revenue $863.7 Million to $887.3 Million.
Q1 Revenue $986.4 Million Versus Refinitiv Ibes Estimate of $956.5 Million.
Qtrly Non-GAAP Net Income per Ads Attributable to New Oriental - Diluted $1.15.
As of Aug 31, 2020, Had Cash and Cash Equivalents of $1,047.6 Million Versus $915.1 Million As of May 31, 2020.
Qtrly Basic and Diluted Earnings per Ads Attributable to New Oriental Were $1.10 and $1.09, Respectively.
Total Student Enrollments in Academic Subjects Tutoring and Test Preparation Courses in Q1 Up by 13.5% Yoy to About 2,961,100.
Total Number of Schools and Learning Centers Was 1,472 As of August 31, 2020, an Increase of 211 Compared to 1,261 As of August 31, 2019.