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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:18 EDTALBCF, EDUNew Oriental Chairman says no privatization plan going on, ChinaScope says
New Oriental Education (EDU) Chairman Yu Minhong has denied rumors of a privatization plan, ChinaScope Financial reports. Rumors had been swirling that the company was in talks with Alibaba (ALBCF) on issues regarding leveraged buyout. Reference Link
News For EDU;ALBCF From The Last 14 Days
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July 21, 2015
05:38 EDTEDUNew Oriental Education declares a special dividend of 40c per ADS/common share
New Oriental's board has declared a special cash dividend in the amount of 40c per ADS/common share. The cash dividend will be paid on October 7, 2015 to shareholders of record at the close of business on September 4, 2015. The ex-dividend date will be October 5, 2015. The aggregate amount of cash dividends to be paid is approximately $63M, which will be funded by surplus cash on the company's balance sheet.
05:37 EDTEDUNew Oriental Education sees Q1 revenue $441.3M-$457M, consensus $449.67M
If not including the deduction of approximately $5.3M revenue that will be deferred resulting from the company's customer loyalty programs, the projected revenue growth rate is expected to be in the range of 13% to 17% for the first quarter of fiscal year 2016.
05:35 EDTEDUNew Oriental Education reports Q4 total student enrollments up 34.7% to 783,400
Total student enrollments in academic subjects tutoring and test preparation courses increased 34.7% to 783,400 for the fourth fiscal quarter of 2015. The total number of schools and learning centers was 724 as of May 31, 2015, an increase of 21 compared to 703 as of May 31, 2014, and an increase of 2 compared to 722 as of February 28, 2015. New Oriental added a net of 2 learning centers in the quarter. The total number of schools increased to 60 and the total number of learning centers to 664 as of May 31, 2015.
05:34 EDTEDUNew Oriental Education reports Q4 non-GAAP EPS 26c, consensus 21c
Reports Q4 revenue $328.81M, consensus $326.76M. Total net revenues would have increased 16.2% if including $5.3M of temporarily deferred revenue resulting from the company's customer loyalty programs.

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