New Oriental Education & Technology drops 4% with 40% decline in revenue

  • New Oriental Education & Technology (EDU -3.9%) FQ3 revenue took a dip of 48% Y/Y dip and was at $614.09M.
  • Cost of revenues decreased by 30.9% Y/Y to $372.7M.
  • Operating loss was $141.2M vs. an income of $101.5M prior.
  • Operating margin

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