From BigGo Finance · BigGo Finance · · 1m 10s
New Oriental Q1 Revenue Up 23%, Shares Drop 13% Pre-Market
New Oriental's Q1 revenue rose 23% but US shares plunged 13% premarket after earnings report.
In brief
New Oriental's Q1 revenue rose 23% but US shares plunged 13% premarket after earnings report. New Oriental reported 23.1% year-over-year revenue growth for Q1 fiscal 2027, yet US shares fell 13% premarket. Originally reported by BigGo Finance.
New Oriental Q1 Results
New Oriental reported first-quarter fiscal 2027 revenue of $1.874 billion, up 23.1% year over year.
Net Income Growth
Net income attributable to shareholders rose 13.5% to $273 million, with operating income up 20.5% to $375 million.
Dividend Announcement
The company declared a 20 US cent per share dividend for fiscal 2027, payable in two installments.
Market Reaction
US shares fell as much as 13% premarket, with ADS trading at $51.09, down 11.9% from previous close.
Hong Kong Listing Impact
Hong Kong-listed New Oriental-S closed down 7.33% with short-selling turnover of HK$42.9 million.
Full-Year Guidance
New Oriental expects fiscal 2027 net revenue of $6.454 billion to $6.68 billion, up 14% to 18% year over year.
Market Divergence
Revenue growth exceeded full-year guidance but net income growth trailed revenue, causing investor concerns.
The main idea
New Oriental reported 23.1% year-over-year revenue growth for Q1 fiscal 2027, yet US shares fell 13% premarket.
