New Oriental Education Q1 Adj Net Income Per ADS Attributable $1.13 Beats $0.81 Estimate, Sales $1.10B Beat $1.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education (NYSE:EDU) reported Q1 adjusted net income per ADS attributable of $1.13, beating the analyst consensus estimate of $0.81 by 39.51%. This is a 135.42% increase from the same period last year. The company also reported quarterly sales of $1.10 billion, beating the analyst consensus estimate of $1.01 billion by 8.91%. This is a 47.69% increase from the same period last year.
October 25, 2023 | 9:29 am
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New Oriental Education's Q1 results exceeded expectations with significant YoY increases in both net income and sales.
New Oriental Education's Q1 results significantly exceeded analyst estimates, with a 135.42% YoY increase in net income and a 47.69% YoY increase in sales. This strong performance could positively impact the company's stock price in the short term.
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