2023-07-26 05:50:31 ET
- New Oriental Education & Technology press release ( NYSE: EDU ): Q4 Non-GAAP EPADS of $0.37 misses by $0.13 .
- Revenue of $860.6M (+64.2% Y/Y) beats by $42.19M .
- Net operating cash inflow for the fourth fiscal quarter of 2023 was approximately $421.6 million and capital expenditures for the quarter were $68.4 million.
- The total number of schools and learning centers was 748 as of May 31, 2023, an increase of 36 and 4 compared to 712 as of February 28, 2023 and 744 as of May 31, 2022, respectively. The total number of schools was 85 as of May 31, 2023.
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Outlook for the First Quarter of the Fiscal Year 2024: New Oriental expects total net revenues in the first quarter of the fiscal year 2024 (June 1, 2023 to August 31, 2023) to be in the range of $983.2 million to $1,005.5 million, representing year over year increase in the range of 32% to 35% vs. consensus of $956.62 million.
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New Oriental Education & Technology reports mixed Q4 earnings; initiates Q124 outlook