BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported profit of $7.1 million in its fiscal fourth quarter.
On a per-share basis, the Beijing-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, were 61 cents per share.
The educational services provider posted revenue of $1.24 billion in the period.
For the year, the company reported profit of $371.7 million, or $2.28 per share. Revenue was reported as $4.9 billion.
For the current quarter ending in August, New Oriental said it expects revenue in the range of $1.46 billion to $1.51 billion.
The company expects full-year revenue in the range of $5.15 billion to $5.39 billion.
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