New Oriental Education & Tech Grp (ADR) (EDU) reported quarterly earnings results on Tuesday, Apr-19-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.33. The company posted revenue of $346.90 million in the period, compared to analysts expectations of $337.51 million. The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on New Oriental Education & Tech Grp (ADR). New Oriental Education & Tech Grp (ADR) was Downgraded by JP Morgan to ” Neutral” on Mar 18, 2016.
New Oriental Education & Tech Grp (ADR) opened for trading at $35.54 and hit $36.67 on the upside on Monday, eventually ending the session at $36.26, with a gain of 2.03% or 0.72 points. The heightened volatility saw the trading volume jump to 13,51,950 shares. Company has a market cap of $5,674 M.
New Oriental Education & Technology Group Inc. is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs services and products consisting primarily of English and other foreign language training test preparation courses for admissions and assessment tests in the United States the PRC and Commonwealth countries primary and secondary school education development and distribution of educational content software and other technology and online education. The Company operates through six segments: language training and test preparation primary and secondary school education online education content development and distribution post-secondary education and overseas study consulting services. All of the Company’s schools learning centers and bookstores operate under its New Oriental brand.