Investing.com - New Oriental Education&Tech reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
New Oriental Education&Tech announced earnings per share of $1.15 on revenue of $986.4M. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $952.12M.
New Oriental Education&Tech shares are up 40.45% from the beginning of the year, still down 0.80% from its 52 week high of $171.68 set on October 12. They are outperforming the EUR/USD which is down 0% from the start of the year.
New Oriental Education&Tech shares lost 0.37% in intra-day trade following the report.
New Oriental Education&Tech follows other major Services sector earnings this month
New Oriental Education&Tech's report follows an earnings beat by Costco on September 24, who reported EPS of $3.51 on revenue of $53.38B, compared to forecasts EPS of $2.85 on revenue of $52.11B.
Cintas had beat expectations on September 23 with first quarter EPS of $2.78 on revenue of $1.75B, compared to forecast for EPS of $2.13 on revenue of $1.7B.
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