Shares of New Oriental Education EDU moved higher by 3.6% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were down 89.25% year over year to $0.10, which beat the estimate of $0.07.
Revenue of $1,190,000,000 higher by 28.90% from the same period last year, which beat the estimate of $1,140,000,000.
Guidance
Q4 revenue expected between $1,102,000,000 and $1,142,000,000.
Conference Call Details
Date: Apr 20, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/edprhx9t
Price Action
Company's 52-week high was at $199.74
Company's 52-week low was at $12.27
Price action over last quarter: down 8.63%
Company Profile
EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.
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