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New Oriental: Fiscal Q3 Earnings Snapshot

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BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported profit of $87.3 million in its fiscal third quarter.

The Beijing-based company said it had net income of 54 cents per share. Earnings, adjusted for one-time gains and costs, were 70 cents per share.

The educational services provider posted revenue of $1.18 billion in the period.

For the current quarter ending in May, New Oriental said it expects revenue in the range of $1.01 billion to $1.04 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EDU at https://www.zacks.com/ap/EDU