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 and Technology Group Inc. (NYSE: EDU; SEHK: 9901) is a provider of private educational services in China whose news flow is closely tied to its diverse education and e-commerce activities. Company announcements regularly describe a wide range of educational programs, services and products, including educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution.
On this page, readers can follow news related to New Oriental’s quarterly and annual financial results, which are typically released through detailed earnings press releases and furnished to the SEC on Form 6-K. These updates discuss net revenues, operating income, net income attributable to New Oriental, non-GAAP financial measures, operating margins and cash flow, as well as operating highlights such as the performance of overseas test preparation, overseas study consulting, domestic test preparation for adults and university students, and new educational business initiatives.
New Oriental’s news also covers technology and product developments such as its OMO (online-merge-offline) teaching system, intelligent learning systems and devices, and the integration of AI technologies into its education ecosystem, including AI-powered Intelligent Learning Devices and AI-driven Smart Study Solutions. The company provides operating metrics on student enrollments in non-academic tutoring courses and active paid users of intelligent learning devices across dozens of cities in China.
In addition, investors can track capital allocation and governance updates, including the three-year shareholder return plan, ordinary cash dividends, share repurchase programs, notices of annual general meetings, and results of shareholder votes, as disclosed in press releases and related filings. For those following EDU, revisiting this news feed provides a consolidated view of New Oriental’s financial performance, operational trends, technology initiatives and shareholder-related announcements over time.
New Oriental Education and Technology Group Inc. (NYSE: EDU), the largest private education provider in China, will announce its financial results for the first fiscal quarter ending August 31, 2020, on October 13, 2020, before U.S. market opening. An earnings conference call is scheduled for the same day at 8 AM ET. Participants can register in advance to receive access information. New Oriental offers diverse educational services, including language training, online education, and overseas study consulting. More details will be available on their investor relations website.
New Oriental Education & Technology Group (NYSE: EDU) has filed its annual report on Form 20-F for the fiscal year ending May 31, 2020, with the SEC on September 16, 2020. The report is available on the company's investor relations website, with hard copies provided free of charge to shareholders upon request. As the largest private educational service provider in China, New Oriental offers a variety of programs including K-12 tutoring, test preparation, and online education.
New Oriental Education & Technology Group Inc. (NYSE: EDU) reported a 15.6% increase in fiscal year net revenues, reaching $3.58 billion. However, net revenues for Q4 2020 fell 5.3% year-over-year to $798.5 million, with net income down 69.5% to $13.2 million. Despite challenges from COVID-19, total student enrollments grew 26.3% over the fiscal year, totaling approximately 10.59 million. Looking ahead, the company anticipates Q1 FY2021 revenues between $911.2 million and $953.5 million, indicating a potential 15% to 11% year-over-year decline.
New Oriental Education and Technology Group (NYSE: EDU) will report its fourth quarter financial results for the period ending May 31, 2020, on July 28, 2020, before market opening. The management will host an earnings call at 8 AM ET on the same day. Investors can register for the call via a dedicated link and access it through dial-in numbers provided upon registration. A live and archived webcast will also be available for those unable to join the call.
New Oriental is recognized as the largest provider of private educational services in China.
New Oriental Education & Technology Group Inc. (NYSE: EDU) has priced its offering of US$300 million in 2.125% notes due 2025. The offering is compliant with Regulation S and will be listed on the Hong Kong Stock Exchange, with net proceeds expected to be about US$297.1 million. The funds will be used for general corporate purposes. Joint bookrunners for the offering are BofA Securities and UBS AG Hong Kong Branch. The notes are not registered under the Securities Act, limiting their sale within the U.S.
New Oriental Education & Technology Group Inc. (NYSE: EDU) has announced a proposed offering of senior notes outside the U.S. under Regulation S of the Securities Act of 1933. The net proceeds will be used for general corporate purposes. Joint bookrunners for the offering include BofA Securities and UBS AG Hong Kong. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without proper registration. The announcement contains forward-looking statements, and actual outcomes may differ due to various risks and uncertainties.