New Oriental Education & Technology Group Reveals 13% Rise In Q4 Profit

(RTTNews) - New Oriental Education & Technology Group (EDU) reported a profit for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $45.65 million, or $0.29 per share. This was higher than $40.41 million, or $0.26 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 20.1% to $394.87 million. This was up from $328.81 million last year.

New Oriental Education & Technology Group earnings at a glance:

-Earnings (Q4): $45.65 Mln. vs. $40.41 Mln. last year. -Earnings Growth (Y-o-Y): 13.0% -EPS (Q4): $0.29 vs. $0.26 last year. -EPS Growth (Y-o-Y): 11.5% -Revenue (Q4): $394.87 Mln vs. $328.81 Mln last year. -Revenue Change (Y-o-Y): 20.1%

-Guidance: Next quarter revenue guidance: $508.9 - $527.3 Mln