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March 18, 2014
08:09 EDTEDU, TCEHYNew Oriental Education, Tencent rumored to plan venture, Marbridge Daily says
Tencent (TCEHY) plans to establish an online education joint-venture in partnership with New Oriental Education (EDU), according to Sina Tech, citing sources within Tencent, said Marbridge Daily. Reference Link
News For EDU;TCEHY From The Last 14 Days
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July 31, 2014
12:19 EDTTCEHY, EDUNew Oriental announced joint venture with Tencent, TechNode reports
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July 28, 2014
07:58 EDTEDUNew Oriental Education weakness creates compelling value, says Wells Fargo
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06:05 launches Xbox One sales in China (JD) began taking China pre-orders for Microsoft's (MSFT) Xbox One gaming console. As part of an agreement between the companies, will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30 through's Mobile QQ and Weixin entry points. Vice president of in charge of the IT and Digital Business unit Shuang Du said, "Through our partnership with Tencent (TCEHY), Chinese consumers are increasingly able to enjoy the shopping experience directly on China's most popular mobile communications platforms. We will continue to focus on providing the most convenient channels for Chinese consumers to purchase authentic products through their mobile devices." On July 31, the website and's exhibition booth at the ChinaJoy Expo in Shanghai will also begin taking pre-orders. Reference Link
July 24, 2014
09:32 EDTEDUNew Oriental Education downgraded to Neutral from Outperform at Macquarie
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July 23, 2014
07:33 EDTEDUNew Oriental Education price target lowered to $29-$32 from $34-$38 at Wells Fargo
Wells Fargo cut its price target range on New Oriental Education after the company provided lower than expected Q1 revenue guidance. However, the firm thinks the company continues to have a number of fundamental strengths, and it keeps an Outperform rating on the shares.
06:17 EDTEDUNew Oriental Education downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded New Oriental Education to Perform citing business challenges following the company's Q4 results. Shares were also downgraded this morning at Jefferies.
06:16 EDTEDUNew Oriental Education downgraded to Hold from Buy at Jefferies
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July 22, 2014
10:46 EDTEDUHigh option volume stocks: SBAC KS EDU PII GALT EJ AXL TSEM HLF BCOR
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05:36 EDTEDUNew Oriental Education announces $120M share repurchase program
On July 22, New Oriental's board authorized the repurchase of up to $120M of the company's shares during the period from July 28, 2014, through March 31, 2015.
05:35 EDTEDUNew Oriental Education sees Q1 revenue $412M-$427M, consensus $463.36M
New Oriental Education commented, "This lower-than-normal projected revenue growth rate reflects the anticipated impact on the company's top-line performance of margin expansion initiatives in FY14, the transition to a new POP Kids program, changes in product mix and business seasonality, as well as certain macroeconomic factors. We are in the process of reducing our previous learning center opening plan of 10-12 per quarter in light of the slower than expected revenue growth outlook for our Q1."
05:32 EDTEDUNew Oriental Education reports Q4 EPS 30c, consensus 24c
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