Welcome to our dedicated page for New Oriental Ed & Technology G news (Ticker: EDU), a resource for investors and traders seeking the latest updates and insights on New Oriental Ed & Technology G stock.
New Oriental Education & Technology Group (EDU) provides investors and stakeholders with essential updates through this centralized news hub. Track the latest developments from one of the largest private education providers in China, spanning K-12 tutoring, online learning platforms, and innovative e-commerce initiatives via its East Buy subsidiary.
This resource offers verified press releases and financial updates including quarterly earnings reports, strategic partnerships, and regulatory compliance announcements. Stay informed about the company's expansion in educational technology and digital content distribution across mainland China.
Key coverage areas include academic program developments, technology integration milestones, and market position updates. All content undergoes rigorous verification to ensure alignment with financial reporting standards and operational transparency.
Bookmark this page for direct access to primary source materials about EDU's educational services and business strategy. Regular updates provide critical insights for monitoring the company's performance in China's evolving private education sector.
New Oriental Education & Technology Group (NYSE: EDU) reported a strong financial performance for its third fiscal quarter ended February 28, 2023. Total net revenues rose by 22.8% year-over-year to US$754.2 million, driven primarily by educational business initiatives and East Buy's e-commerce offerings. Operating income saw a remarkable increase of 147.1% to US$66.5 million, while net income rose 166.7% to US$81.6 million. For the first nine months of FY2023, however, revenues decreased 17.2% compared to the previous year.
Looking forward, New Oriental expects Q4 revenues to range between US$801.8 million and US$822.7 million, a substantial year-over-year growth of 53% to 57%.
New Oriental Education and Technology Group Inc. (NYSE: EDU) announced it will release its financial results for the third quarter ending February 28, 2023, on April 19, 2023, before U.S. market opens. The earnings conference call is scheduled for 8 AM ET on the same day. Participants can join via a registered dial-in or a live webcast. New Oriental provides a wide range of educational services, including test preparation and online education, primarily in China. The company is listed on both NYSE and SEHK, with its American Depository Shares representing ten common shares.
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