New Oriental Education & Technology Reaffirms FY2027 Guidance Following Q1 Revenue Growth
New Oriental Education & Technology (EDU) reported strong first-quarter financial results, highlighted by a 23.1% year-over-year increase in revenue to $1.87 billion. The company's profitability also saw significant gains, with Non-GAAP earnings per share rising 18.7% to $1.92 and GAAP diluted earnings per share increasing 16% to $1.74. Building on this momentum, the company reaffirmed its full-year 2027 outlook. New Oriental expects revenue to reach between $6.45 billion and $6.68 billion, representing a projected year-over-year growth rate of 14% to 18%. This guidance signals management's confidence in sustained expansion despite broader market fluctuations.
Tickers: $EDU
Topics: earnings report eps growth financial guidance revenue growth
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