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New Oriental Education & Technology Group Q3 2023 Earnings Report

New Oriental Education & Technology Group logo
$59.02 -0.30 (-0.51%)
(As of 09:57 AM ET)

New Oriental Education & Technology Group EPS Results

Actual EPS
$1.13
Consensus EPS
$0.80
Beat/Miss
Beat by +$0.33
One Year Ago EPS
$0.38

New Oriental Education & Technology Group Revenue Results

Actual Revenue
$1.10 billion
Expected Revenue
$1.01 billion
Beat/Miss
Beat by +$89.51 million
YoY Revenue Growth
+47.70%

New Oriental Education & Technology Group Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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New Oriental Education & Technology Group Earnings Headlines

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About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE:EDU) provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. In addition, it offers educational programs, services, and products to students through schools; learning centers; and bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

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