05:02 AM EST, 01/21/2025 (MT Newswires) -- New Oriental Education & Technology Group ( EDU ) reported fiscal Q2 non-GAAP net income Tuesday of $0.22 per diluted American depositary share, down from $0.29 a year earlier.

Analysts polled by FactSet expected $0.30.

Net revenue for the quarter ended Nov. 30 was $1.04 billion, compared with $869.6 million a year earlier.

Analysts polled by FactSet expected $1.01 billion.

The company said it expects fiscal Q3 net revenue of $1 billion to $1.03 billion. Analysts polled by FactSet expect $1.27 billion.

New Oriental Education ( EDU ) shares were down more than 14% in premarket activity.