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More on New Oriental Education & Technology's Q1

Published 10/24/2017, 10:43 AM
© Reuters.  More on New Oriental Education & Technology's Q1
EDU
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  • New Oriental Education & Technology (EDU -4.4%) reports Educational programs and services revenue rose 22.3% to $604.5M in Q1, mainly driven by increases in student enrollments in academic subjects tutoring and test preparation courses in the recent two quarters.
  • Books and others revenue grew 42.6% to $56.69M..
  • K-12 after-school tutoring business revenue up 35.3% Y/Y.
  • Total student enrollments grew 15.6% Y/Y to ~1,532,900.
  • The total number of schools and learning centers +128 Y/Y to 899.
  • Operating margin rate squeezed 390 bps to 24.8%.
  • Q2 Guidance: Total net revenues: $447M to $460.7M (+31% to +35% Y/Y).
  • Now read: Buy This Deep-Value Stock As Policy Headwind Turns Into Tailwind


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