EDU Stock Recent News

New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q1 2023 Earnings Conference Call October 26, 2022 8:00 AM ET Company Participants Sisi Zhao - Director of Investor Relations Stephen Yang - Executive President & Chief Financial Officer Conference Call Participants Mark Li - Citi Felix Liu - UBS Tian Hou - T. H. Capital Candis Chan - Daiwa Hongyi Cao - CICC Lucy Yu - Bank of America Operator Good evening, and thank you for standing by for New Oriental's FY 2023 First Quarter Results Earnings Conference Call.

Investors are anxious that the Chinese government will continue to squeeze tech companies.

The U.S.-listed shares of New Oriental Education & Technology Group Inc. EDU, -2.49% dropped 4.2% in premarket trading Monday, after the China-based provider of private educational services said it was provisionally named by the U.S. Securities and Exchange Commission (SEC) as an identified issuer under the Holding Foreign Companies Accountable Act (HFCAA). The identification means that SEC determined that the company used an auditor in filing its annual report whose working paper can't be completely inspected or investigated by the U.S. Public Company Accounting Oversight Board (PCAOB).

BEIJING , Sept, 30, 2022 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2022, before the U.S. market opens on October 26, 2022. New Oriental's management will host an earnings conference call at 8 AM on October 26, 2022, U.S. Eastern Time (8 PM on October 26, 2022, Beijing/Hong Kong Time).

Here is how New Oriental Education (EDU) and BJ's Wholesale Club (BJ) have performed compared to their sector so far this year.

Wall Street loved the latest earnings update from management.

On the surface, New Oriental Education has performed worse than peers with larger revenue declines and is one of the only companies to hold any long-term debt. However, the way they positioned themselves after the regulatory crackdown in the People's Republic of China, they're set to outperform in the longer run.

New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q4 2022 Earnings Conference Call July 27, 2022 8:00 AM ET Company Participants Sisi Zhao – Director-Investor Relations Stephen Yang – Executive President and Chief Financial Officer Conference Call Participants Mark Li – Citi Felix Liu – UBS Liping Zhao – CICC Tian Houon – T.H. Capital, LLC Lucy Yu – Bank of America Elsie Sheng – Morgan Stanley Operator Good evening and thank you for standing by for New Oriental's FY2022 Fourth Quarter Results Earnings Conference Call.

New Oriental Education & Tech Grp (NYSE: EDU) shares are trading lower by 7.25% to $22.08 during Monday's trading session. Shares of several Chinese companies at large are trading lower amid a resurgence in COVID cases which has caused the closure of Macau casinos.

New Oriental Education (EDU) stock is on the rise again Wednesday as shares of the stock have been trending higher lately. The post Why Is New Oriental Education (EDU) Stock Up Again Today?