New Oriental Education & Technology Group (EDU) reported a profit for its third quarter that increased from the same period last year
The company's bottom line totaled $87.26 million, or $0.54 per share. This compares with $87.17 million, or $0.52 per share, last year.
Excluding items, New Oriental Education & Technology Group reported adjusted earnings of $113.34 million or $0.70 per share for the period.
The company's revenue for the period fell 2.0% to $1.183 billion from $1.207 billion last year.
New Oriental Education & Technology Group earnings at a glance (GAAP) :
-Earnings: $87.26 Mln. vs. $87.17 Mln. last year.-EPS: $0.54 vs. $0.52 last year.-Revenue: $1.183 Bln vs. $1.207 Bln last year.
-Guidance:Next quarter revenue guidance: US$1,009.1 Mln
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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.