New Oriental Education & Technology Group Inc Expects Q3 Net Revenue of 1.071B-$1.094B Vs $935.93M
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education & Technology Group Inc (EDU) forecasts Q3 net revenue of $1.071B to $1.094B, indicating a 42% to 45% increase year over year compared to $935.93M previously.
January 24, 2024 | 11:47 am
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New Oriental Education & Technology Group Inc anticipates a significant year over year revenue increase for Q3 FY2024, with expected revenues between $1.071B and $1.094B.
The projected increase in revenues for New Oriental Education & Technology Group Inc is substantial, suggesting a positive outlook for the company's financial performance. This is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price, given the better-than-expected growth rates.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100