New Oriental Education Q2 Adj EPADS $0.29, Inline, Sales $869.60M Beat $814.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education (NYSE:EDU) reported Q2 adjusted earnings per ADS of $0.29, meeting analyst estimates, and a 190% increase from $0.10 per share last year. Sales reached $869.60M, surpassing the $814.07M estimate, marking a 36.26% increase from $638.21M in the same period last year.
January 24, 2024 | 11:44 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
New Oriental Education reported strong Q2 results with EPS of $0.29, in line with estimates, and a significant sales beat at $869.60M vs. $814.07M expected.
The positive earnings report, with both earnings per share meeting expectations and sales exceeding estimates, suggests a strong financial performance. This typically leads to a positive short-term impact on the stock price as it reflects better than expected company growth and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100