BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported profit of $45.5 million in its fiscal second quarter.
The Beijing-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.
The educational services provider posted revenue of $1.19 billion in the period.
For the current quarter ending in February, New Oriental said it expects revenue in the range of $1.31 billion to $1.35 billion.
The company expects full-year revenue in the range of $5.29 billion to $5.49 billion.
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