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New Oriental: Fiscal 4Q Earnings Snapshot

July 23, 2019

BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Tuesday reported fiscal fourth-quarter earnings of $43.2 million.

The Beijing-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 60 cents per share.

The educational services provider posted revenue of $842.9 million in the period.

For the year, the company reported profit of $238.1 million, or $1.50 per share. Revenue was reported as $3.1 billion.

For the current quarter ending in September, New Oriental said it expects revenue in the range of $1.05 billion to $1.08 billion.

New Oriental shares have increased 79% since the beginning of the year. The stock has climbed slightly more than 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU

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