08:39 AM EDT, 07/31/2024 (MT Newswires) -- New Oriental Education & Technology Group ( EDU ) reported fiscal Q4 non-GAAP net income Wednesday of $0.22 per diluted American depositary share, down from $0.37 a year earlier.

Net revenue for the quarter ended May 31 was $1.14 billion, up from $860.6 million a year earlier.

Analysts surveyed by Capital IQ expected $1.14 billion.

The company said it expects fiscal Q1 net revenue of $1.25 billion to $1.28 billion. Analysts polled by Capital IQ expect $1.48 billion.

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