- New Oriental Education & Technology (NYSE:NYSE:EDU) reports Educational programs and services revenue rose 26% to $397.8M in Q3, driven by increases in student enrollments in academic subjects tutoring and test preparation courses in the recent two quarters.
- Books and others revenue increased 27.9% to $43.05M.
- K-12 after-school tutoring business revenue up 41%.
- Total student enrollments grew 5.9% Y/Y to ~799,700.
- The total number of schools and learning centers +77 Y/Y to 803.
- Operating margin rate grew 90 bps to 13.1%.
- Q4 Guidance: Total net revenues: $465.1M to $479.9M (+18% to +22% Y/Y).
- EDU +4% premarket.
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Symbol | Last Price | % Chg |
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EDU | - | - |
New Oriental Education & Technology Group Inc. |