India, Oct. 28 -- New Oriental Education & Technology Group, Inc. (EDU), a Chinese educational and training services provider, reported Wednesday higher earnings and revenues for the first quarter of fiscal 2027. The company also announced cash dividend and reaffirmed its fiscal 2027 revenue forecast.
New Oriental shares were trading in the early hours on NYSE at $54.65, down 5.73 percent.
The first-quarter net income attributable to New Oriental was $273.16 million, up 13.5 percent from the prior year quarter's $240.72 million.
On a per ADS basis, New Oriental' net income was $1.74, higher than $1.50 a year ago.
The company's adjusted net income rose 16.5 percent to $300.95 million as against the year-ago figure of $258.26 million.
Th...