New Oriental Education Reports Earnings of 63 Cents Per Share, Below Expectations

In the third quarter of 2024, New Oriental Education (NYSE: EDU) announced its financial performance. The company reported an earnings per share of 63 cents, which was below the analyst estimate of 79 cents. Despite falling short of expectations in earnings, New Oriental Education’s revenue of $1.21 billion surpassed the analyst consensus of $1.10 billion, indicating a growth of 9.73%. This positive revenue performance suggests that the company is continuing to grow its business operations.

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