Brief: New Oriental Posts Q4 Revenue Of $524 Million

New Oriental Education & Technology

27/07/2022 11:32

July 27 (Reuters) - New Oriental Education & Technology
Group Inc  9901.HK :
    * NEW ORIENTAL ANNOUNCES RESULTS FOR THE FOURTH FISCAL
QUARTER AND
THE FISCAL YEAR ENDED MAY 31, 2022 AND ADOPTION OF UP TO US$400
MILLION SHARE REPURCHASE PROGRAM
    * Q4 REVENUE FELL 56.8 PERCENT TO $524 MILLION
    * QTRLY NET LOSS PER ADS ATTRIBUTABLE TO NEW ORIENTAL $1.12
    * QTRLY NON-GAAP NET LOSS PER ADS ATTRIBUTABLE TO NEW
ORIENTAL
-DILUTED $0.94
    * SEES Q1 REVENUE $641.3 MILLION TO $680.6 MILLION
    * NEW ORIENTAL EDUCATION & TECHNOLOGY - ON JULY 26, BOARD
AUTHORIZED REPURCHASE OF UP TO US$400 MILLION OF CO'S COMMON
SHARES
    * NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP - PLANS TO FUND
ANY
SHARE REPURCHASES MADE UNDER PROGRAM FROM CO'S AVAILABLE CASH
BALANCE

Source text for Eikon:  ID:nPn2Vx814a 
Further company coverage:  9901.HK 

 ((Reuters.Briefs@thomsonreuters.com;))