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Stock Market & Financial Investment News

News Breaks
December 6, 2012
05:20 EDTEDUNew Oriental Education issues clarification on market activity
New Oriental Education and Technology Group issued th following statement: In view of the continued market activity in the company's ADS, New Oriental would like to clarify that even though the company's independent auditor is Deloitte Touche Tohmatsu, the company is not the Deloitte Touche Tohmatsu client referred to by the U.S. SEC in its proceedings initiated against the five accounting firms in China.
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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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