While New Oriental Education & Tech Grp’s (NYSE: EDU) performance in the fiscal fourth quarter (May quarter) is likely to be under pressure, both revenue and profitability may recover from the first quarter, according to BofA Securities.
New Oriental Education (NYSE:EDU) reported quarterly losses of $(0.94) per share. This is a 3033.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported $524.02 million
New Oriental expects total net revenues in the first quarter of the fiscal year 2023 (June 1, 2022 to August 31, 2022) to be in the range of US$641.3 million to US$680.6 million,