Tuesday, New Oriental Education and Technology Group Inc. (EDU) said its first-quarter net income attributable to the company increased to US$57.06 million or US$0.37 per share from US$44.90 million or US$0.29 per share in the year-ago period. Earnings per ADS for the recent quarter were US$1.47, higher than US$1.17 in the previous year.
Non-GAAP net income for the quarter jumped 24.6% to US$60.77 million from US$48.79 million a year ago. Non-GAAP net income per ADS grew to US$1.57 from US$1.27 in the last year. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $1.57 for the quarter. Analysts' estimate typically exclude one-time items.
Total net revenues for the quarter rose to US$149.36 million from US$118.26 million in the comparable period. Analysts estimated revenues of US$154.57 million for the quarter.
New Oriental expects second-quarter fiscal 2010 total revenues to be in the range of US$60.8 million - US$62.8 million, reflecting its current and preliminary view, which is subject to change. Analysts estimate revenues of US$61.95 million for the second quarter of fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.