New Oriental: Fiscal 1Q Earnings Snapshot

BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Tuesday reported fiscal first-quarter net income of $123.2 million.

The Beijing-based company said it had profit of 77 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.16 per share.

The educational services provider posted revenue of $859.8 million in the period.

For the current quarter ending in December, New Oriental said it expects revenue in the range of $568.5 million to $586.4 million.

New Oriental shares have fallen 33 percent since the beginning of the year. The stock has declined 32 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU