EDU Chart Play. In today at 21.82 avg.
Growing and highly profitable Chinese private education company.
Was overbought and now back at the 50 day SMA which appears to be support.
2/3 Inst. owned, no inside selling and steady SS.
At 1:11PM today trading @ 21.75, 957K
New Oriental Education 4th-Quarter Net Up on Increased Enrollment
BY Dow Jones & Company, Inc. - 7:01 AM ET 07/23/2013
New Oriental Education & Technology Group Inc.'s (EDU) fiscal fourth-quarter earnings rose 73% as the education company reported increased enrollment and stronger margins.
New Oriental Education (EDU) projected current-quarter revenue between $389.6 million to $406.4 million, below consensus expectations of $410 million. For the just-started year, the company projected revenue growth of 18% to 22%, just missing analysts' view of 23% growth to $1.18 billion.
New Oriental, which runs language training classes, after-school tutoring and a private school in Yangzhou, China, has slowed its pace of expansion and closed underperforming centers in recent quarters, helping its bottom line.
For the quarter ended May 31, New Oriental Education (EDU) reported a profit of $ 28.2 million, or 18 cents an American Depositary share, up from $16.3 million, or 10 cents, a year earlier. Excluding items such as stock-based compensation expenses, earnings were 22 cents a share.
Revenue climbed 27% to $239.6 million. The company's April forecast was for $ 232.8 million to $242.2 million.
Operating margin rose to 10.2% from 5.8%.
Enrollment rose 6.1% to 559,000 students from a year earlier as the total number of schools and learning centers fell to 726 from 733 in the prior quarter.
The company also unveiled a special cash divi...