New Oriental Education & Technology Group Q2 Profit Advances 41%

(RTTNews) - New Oriental Education & Technology Group (EDU) released earnings for its second quarter that gained ground from last year.

The company said its bottom line rose to $10.87 million, or $0.07 per share. This was up from $7.73 million, or $0.05 per share, in last year's second quarter.

The company said revenue for the quarter rose 17.7% to $278.08 million. This was up from $236.24 million last year.

New Oriental Education & Technology Group earnings at a glance:

-Earnings (Q2): $10.87 Mln. vs. $7.73 Mln. last year. -Earnings Growth (Y-o-Y): 40.6% -EPS (Q2): $0.07 vs. $0.05 last year. -EPS Growth (Y-o-Y): 40.0% -Revenue (Q2): $278.08 Mln vs. $236.24 Mln last year. -Revenue Change (Y-o-Y): 17.7%

-Guidance: Next quarter revenue guidance: $328.0 - $339.5 Mln