New Oriental Education & Technology Group Q3 adjusted earnings Inline With Estimates

(RTTNews) - New Oriental Education & Technology Group (EDU) released earnings for its third quarter that advanced from the same period last year.

The company's profit came in at $97.41 million, or $0.61 per share. This compares with $68.38 million, or $0.43 per share, in last year's third quarter.

Excluding items, New Oriental Education & Technology Group reported adjusted earnings of $108.87 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 28.9% to $796.72 million from $618.08 million last year.

New Oriental Education & Technology Group earnings at a glance:

-Earnings (Q3): $108.87 Mln. vs. $91.17 Mln. last year. -EPS (Q3): $0.69 vs. $0.57 last year. -Analysts Estimate: $0.69 -Revenue (Q3): $796.72 Mln vs. $618.08 Mln last year.