Investing.com - New Oriental Education&Tech reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
New Oriental Education&Tech announced earnings per share of $0.3 on revenue of $798.5M. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $805.65M.
New Oriental Education&Tech shares are up 15.26% from the beginning of the year , still down 8.67% from its 52 week high of $153.02 set on July 13. They are outperforming the EUR/USD which is down 0% from the start of the year.
New Oriental Education&Tech follows other major Services sector earnings this month
New Oriental Education&Tech's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.18 on revenue of $30.45B, compared to forecasts EPS of $1.15 on revenue of $29.92B.
Netflix had missed expectations on July 16 with second quarter EPS of $1.59 on revenue of $6.15B, compared to forecast for EPS of $1.82 on revenue of $6.08B.
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