Seeking Alpha

In addition to lower deferred revenue, New Oriental Education (EDU -10.4%) says on its...

In addition to lower deferred revenue, New Oriental Education (EDU -10.4%) says on its conference call that its margins are going to be weakened going forward by a decline in its higher-margin customer base areas like Beijing and Shanghai, plus a shift in focus to smaller class sizes, which are growing number but also have lower margins.
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