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New Oriental: Fiscal 4Q Earnings Snapshot

July 28, 2020 GMT

BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Tuesday reported fiscal fourth-quarter net income of $13.2 million.

On a per-share basis, the Beijing-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 30 cents per share.

The educational services provider posted revenue of $798.5 million in the period.

For the year, the company reported profit of $413.3 million, or $2.59 per share. Revenue was reported as $3.58 billion.

For the current quarter ending in September, New Oriental said it expects revenue in the range of $911.2 million to $953.5 million.

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New Oriental shares have risen 15% since the beginning of the year. The stock has risen 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU