New Oriental Education shares are trading lower after the company reported mixed Q1 financial results and issued Q2 revneue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education's shares fell after reporting mixed Q1 results and issuing Q2 revenue guidance below estimates.
October 23, 2024 | 12:04 pm
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NEGATIVE IMPACT
New Oriental Education's shares are declining due to mixed Q1 financial results and Q2 revenue guidance that is below market expectations.
The company's mixed Q1 results and lower-than-expected Q2 revenue guidance are likely to negatively impact investor sentiment, leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100