Newsletter: New Oriental Quarter and year net profit exceeding forecast

Beijing time July 22 afternoon news, New Oriental (nyse:edu) today released the fiscal year 2014 as at May 31, the financial year of the quarter and the annual unaudited earnings.

Earnings showed that the fourth quarter of the new Oriental net revenue of 287.5 million U.S. dollars, an increase of 20%, attributable to the new Oriental net profit of 42.9 million U.S. dollars, the year-on-year growth of 52.2%. In fiscal year 2014, New Oriental net revenue of 1.1389 billion U.S. dollars, an increase of 18.7%, attributable to the new Oriental net profit of 215.7 million U.S. dollars, an increase of 58.3%.

According to Yahoo's financial data, 5 of Wall Street analysts on average expect earnings per share to be $0.24 trillion in the new Oriental quarter, according to U.S. General Accounting Standards (GAAP), with 6 analysts averaging $1.34 per share in the 2014 fiscal year. Earnings showed that the new Oriental quarter earnings per share of 0.27 U.S. dollars, 2014 fiscal year earnings per share of 1.37 U.S. dollars, more than analysts expected.

Also, on average, 6 Wall Street analysts expect total revenue to reach $281.58 million trillion in the new Oriental quarter, with 9 analysts averaging 1.14 billion dollars in 2014 fiscal year. Earnings showed that the total revenue for the new Oriental quarter was $2.875 trillion, exceeding analysts ' expectations, with a total revenue of $11.389 in fiscal 2014, less than analysts ' forecasts. (Lin)