New Oriental Expects Q2 Total Net Revenues To Be $785M-$804.2M, Representing Increase Of 23%-26% Y/Y
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education & Technology Group Inc. (EDU) expects its Q2 total net revenues to be between $785M and $804.2M, representing an increase of 23%-26% year over year.
October 25, 2023 | 9:32 am
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New Oriental's projected increase in Q2 net revenues could potentially boost investor confidence and positively impact the company's stock price in the short term.
The projected increase in Q2 net revenues indicates that New Oriental is expecting strong financial performance. This could potentially attract more investors, leading to an increase in demand for the company's stock and subsequently, a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100