08:47 AM EDT, 04/24/2024 (MT Newswires) -- New Oriental Education & Technology Group ( EDU ) reported fiscal Q3 non-GAAP net income Wednesday of $0.63 per diluted American depositary share, up from $0.56 a year earlier.

Analysts polled by Capital IQ expected $0.76.

Net revenue for the quarter ended Feb. 29 was $1.21 billion, up from $754.2 million a year earlier.

Analysts surveyed by Capital IQ expected $1.09 billion.

For fiscal Q4, the company expects total net revenue in the range of $1.10 billion to $1.13 billion. Analysts polled by Capital IQ expect $1.09 billion.

Shares of the company were down 2% in recent Wednesday premarket activity.

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