Investing.com - New Oriental Education&Tech reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
New Oriental Education&Tech announced earnings per share of $0.480 on revenue of $744.800. Analysts polled by Investing.com anticipated EPS of $0.100 on revenue of $673.13M.
New Oriental Education&Tech shares are down 26.34% from the beginning of the year, still down 29.33% from its 52 week high of $29.80 set on August 31.
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 October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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