New Oriental: Fiscal 4Q Earnings Snapshot
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.