New Oriental Education & Technology Group Inc. (EDU) shares are sliding more than 13 percent on Wednesday morning trade, despite higher earnings and growth in revenues.
Currently, shares are at $77.68, down 13.29 percent from the previous close of $89.59 on a volume of 7,253,546.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.