New Oriental Education & Technology Group Q4 Profit Decreases, Misses Estimates

(RTTNews) - New Oriental Education & Technology Group (EDU) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $26.97 million, or $0.16 per share. This compares with $28.96 million, or $0.17 per share, in last year's fourth quarter.

Excluding items, New Oriental Education & Technology Group reported adjusted earnings of $36.93 million or $0.22 per share for the period.

Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 32.0% to $1.136 billion from $860.57 million last year.

New Oriental Education & Technology Group earnings at a glance (GAAP) :

-Earnings (Q4): $26.97 Mln. vs. $28.96 Mln. last year. -EPS (Q4): $0.16 vs. $0.17 last year. -Revenue (Q4): $1.136 Bln vs. $860.57 Mln last year.