New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2020
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New Oriental Education (EDU) Misses Q4 EPS by 5c, Revenues Beat; Offers 1Q Revenue Guidance Below Consensus
July 28, 2020 5:57 AM EDTNew Oriental Education (NYSE: EDU) reported Q4 EPS of $0.30, $0.05 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $798.5 million versus the consensus estimate of $796.71 million.
Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2020
Total net revenues decreased by 5.3% year-over-year to US$798.5 million for the fourth fiscal quarter of 2020.Operating income decreased by 86.7% year-over-year to US$10.3 million for the fourth fiscal quarter of 2020.Non-GAAP operating income ,which excludes share-based compensation expenses, decreased by 68.3% year-over-year to US$32.5 million for the fourth fiscal quarter of 2020.Net income... More