New Oriental Education & Technology Group Reports 16% Rise In Q3 Earnings

(RTTNews) - New Oriental Education & Technology Group (EDU) revealed earnings for its third quarter that rose from last year.

The company said its bottom line climbed to $52.89 million, or $0.34 per share. This was higher than $45.43 million, or $0.29 per share, in last year's third quarter.

The company said revenue for the quarter rose 20.6% to $346.91 million. This was up from $287.73 million last year.

New Oriental Education & Technology Group earnings at a glance:

-Earnings (Q3): $52.89 Mln. vs. $45.43 Mln. last year. -Earnings Growth (Y-o-Y): 16.4% -EPS (Q3): $0.34 vs. $0.29 last year. -EPS Growth (Y-o-Y): 17.2% -Revenue (Q3): $346.91 Mln vs. $287.73 Mln last year. -Revenue Change (Y-o-Y): 20.6%

-Guidance: Next quarter revenue guidance: $378.1 - $391.3 Mln