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 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.