UPDATE: Brean Capital Upgrades New Oriental Education (EDU) to Buy
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New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2015
October 20, 2015 4:00 AM EDTBEIJING, Oct. 20, 2015 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the fiscal quarter ended August 31, 2015, which is the first quarter of New Oriental's fiscal year 2016.
Financial Highlights for the First Fiscal Quarter Ended August 31, 2015
Total net revenues increased by 16.4% year-over-year to US$458.5 million for the first fiscal quarter of 2016. Operating income increased by 17.5% year-over-year to US$129.8 million for the first fiscal... More