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New Oriental Education sees profit drop but raises revenue and future projections.
New Oriental Education reported a Q4 profit of $7.1 million, down from $26.97 million last year, with revenue up 9.4% to $1.24 billion.
Adjusted earnings were $0.61 per share.
For the fiscal year, revenue rose 13.6% to $4.9 billion.
The company projects Q1 revenue of $1.46 billion to $1.51 billion and full-year revenue of $5.15 billion to $5.39 billion.
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New Oriental Education ve caer las ganancias, pero aumenta los ingresos y las proyecciones futuras.