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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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