New Oriental Education (EDU -12.4%) plunges following its FQ1 report. While the Chinese...

|About: New Oriental Education & Te... (EDU)|By:, SA News Editor

New Oriental Education (EDU -12.4%) plunges following its FQ1 report. While the Chinese educational services firm delivered revenue and EPS that beat Street estimates, investors might be disappointed by a 10% Q/Q decline in the company's deferred revenue balance, to $174.7M. (PR)