Investing.com - New Oriental Education&Tech reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
New Oriental Education&Tech announced earnings per share of $-0.94 on revenue of $524M. Analysts polled by Investing.com anticipated EPS of $-0.2084 on revenue of $517.38M.
New Oriental Education&Tech shares are up 14.52% from the beginning of the year, still down 6.05% from its 52 week high of $25.60 set on October 20, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
New Oriental Education&Tech follows other major Consumer Discretionary sector earnings this month
New Oriental Education&Tech's report follows an earnings beat by Tesla on July 20, who reported EPS of $2.27 on revenue of $16.93B, compared to forecasts EPS of $1.81 on revenue of $16.54B.
Louis Vuitton ADR had beat expectations on Tuesday with second quarter EPS of $2.63 on revenue of $18.98B, compared to forecast for EPS of $2.59 on revenue of $18.36B.
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