New Oriental: Fiscal Q4 Earnings Snapshot

Associated Press Finance
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BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported earnings of $29 million in its fiscal fourth quarter.

On a per-share basis, the Beijing-based company said it had profit of 17 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 37 cents per share.

The educational services provider posted revenue of $860.6 million in the period.

For the year, the company reported profit of $177.3 million, or $1.03 per share. Revenue was reported as $3 billion.

For the current quarter ending in August, New Oriental said it expects revenue in the range of $983.2 million to $1.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU

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