logo
Plus   Neg
Share
Email

New Oriental Issues Q4 Revenue Guidance - Quick Facts

New Oriental Education & Technology Group Inc. (EDU) announced the company expects total net revenues in the fourth quarter of to be in the range of $774.0 million to $806.2 million, a year-over-year decline in the range of 8% to 4%. The company anticipates the impact on its business from the outbreak of COVID-19 pandemics around the globe will continue during the fourth quarter, especially on overseas related businesses including test preparation and consulting business.

Third-quarter non-GAAP net income per ADS was $0.93 compared to $0.69, prior year. Total net revenues increased by 15.9% year-over-year to $923.2 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kader Exports pvt. Ltd. is recalling certain consignments of various frozen cooked shrimp citing potential contamination with Salmonella, according to the U.S. Food and Drug Administration. The affected frozen cooked, peeled and deveined shrimp products were sold in 1lb, 1.5lb., and 2lb. retail bags. They were distributed from late February 2020 to Mid-May 2020 across the nation. The former chief executive officer of Hertz Global Holdings, Mark Frissora, agreed to pay about $2.2 million to settle the U.S. Securities and Exchange Commission's claims that he played a key role in causing the now-bankrupt car-rental company to file inaccurate financial statements in 2013. Daimler AG, the maker of Mercedes-Benz cars, said Thursday that it has agreed to pay more than $2.2 billion to settle U.S. claims over emissions from its diesel vehicles.
Follow RTT