EDU - What's Going On With New Oriental Education Shares Today? | Benzinga
New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares are trading lower on Wednesday.
The company reported that in the third quarter, adjusted earnings per share was 63 cents, missing the street view of 79 cents.
Quarterly revenues of $1.207 billion beat the street view of $1.105 billion. Total net revenues increased by 60.1% year over year, owing to educational new business initiatives, East Buy private label products, and livestreaming e-commerce business.
Operating income increased by 70.6% year over year to $113.4 million for ...