New Oriental Education & Technology Group Inc
NYSE:EDU

  • LAST PRICE
    62.6000
  • TODAY'S CHANGE (%)
    -0.3900 (-0.6191%)
  • Bid / Lots
    62.5100/ 20
  • Ask / Lots
    62.7700/ 1
  • Open / Previous Close
    62.8400 / 62.9900
  • Day Range
    62.0800
    63.4900
  • 52 Week Range
    58.6000
    98.2000
  • Volume
    1,166,658

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  • Oct 23, 2024

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    • 5:34AM ET on Wednesday Oct 23, 2024 by MT Newswires
      Companies Mentioned: EDU
      05:34 AM EDT, 10/23/2024 (MT Newswires) -- New Oriental Education & Technology Group (EDU) reported fiscal Q1 non-GAAP net income Wednesday of $1.60 per diluted American depositary share, up from $1.13 a year earlier. Analysts polled by Capital IQ e...

    • 5:01AM ET on Wednesday Oct 23, 2024 by MT Newswires
      Companies Mentioned: EDU
      05:01 AM EDT, 10/23/2024 (MT Newswires) -- ...

    • 5:00AM ET on Wednesday Oct 23, 2024 by MT Newswires
      Companies Mentioned: EDU
      05:00 AM EDT, 10/23/2024 (MT Newswires) -- ...

    • 5:00AM ET on Wednesday Oct 23, 2024 by PR Newswire
      Companies Mentioned: EDU

      New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the first fiscal quarter ended August 31, 2024, which is the first quarter of New Oriental's fiscalyear 2025.

    • 5:00AM ET on Wednesday Oct 23, 2024 by Dow Jones
      Companies Mentioned: EDU
      administrative expenses 10,598 27,232 ------------------ ------------------ Non-GAAP general and administrative expenses 354,455 290,326 ------------------ ------------------ Total operating cost and expenses 1,142,266 894,897 Less: Share-based compensation expenses 6,853 39,631 ------------------ ------------------ Non-GAAP operating cost and expenses 1,135,413 855,266 ------------------ ------------------ Operating income 293,150 205,124 Add: Share-based compensation expenses 6,853 39,631 Non-GAAP operating income 300,003 244,755 ------------------ ------------------ Operating margin 20.4 % 18.6 % Non-GAAP operating margin 20.9 % 22.3 % Net income attributable to New Oriental 245,430 165,386 Add: Share-based compensation expenses 7,389 31,180 Less: (Loss)/Gain from fair value change of investments (11,913) 7,248 Non-GAAP net income attributable to New Oriental 264,732 189,318 ------------------ ------------------ Net income per ADS attributable to New Oriental- Basic (note 2) 1.49 1.00 Net income per ADS attributable to New Oriental- Diluted (note 2) 1.48 0.99 Non-GAAP net income per ADS attributable to New Oriental - Basic (note 2) 1.61 1.15 Non-GAAP net income per ADS attributable to New Oriental - Diluted (note 2) 1.60 1.13 Weighted average shares used in calculating basic net income per ADS (note 2) 1,648,666,786 1,651,203,885 Weighted average shares used in calculating diluted net income per ADS (note 2) 1,659,034,134 1,665,318,691 Non-GAAP net income per share - basic 0.16 0.11 Non-GAAP net income per share - diluted 0.16 0.11 Notes: Note 1: Share-based compensation expenses (in thousands) are included in the operating cost and expenses as follows: For the Three Months Ended August 31 -------------------------------------- 2024 2023 ------------------ ------------------ (Unaudited) (Unaudited) USD USD ------------------ ------------------ Cost of revenues (3,146) 4,972 Selling and marketing (599) 7,427 General and administrative 10,598 27,232 Total 6,853 39,631 ================== ================== Note 2: Each ADS represents ten common shares. NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) For the Three Months Ended August 31 -------------------------------------- 2024 2023 ------------------ ------------------ (Unaudited) (Unaudited) USD USD ------------------ ------------------ Net cash provided by operating activities 183,210 335,786 Net cash used in investing activities (295,156) (208,166) Net cash used in financing activities (153,494) (12,991) Effect of exchange rate changes 27,487 (29,335) Net change in cash, cash equivalents and restricted cash (237,953) 85,294 ------------------ ------------------ Cash, cash equivalents and restricted cash at beginning of period 1,589,104 1,805,427 Cash, cash equivalents and restricted cash at end of period 1,351,151 1,890,721

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