BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported earnings of $62.2 million in its fiscal fourth quarter.
On a per-share basis, the Beijing-based company said it had net income of 39 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 55 cents per share.
The educational services provider posted revenue of $1.53 billion in the period.
For the year, the company reported profit of $475.2 million, or $2.97 per share. Revenue was reported as $5.66 billion.
New Oriental expects full-year revenue in the range of $6.45 billion to $6.68 billion.
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