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Actionable news in EDU: NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Inc,

New Oriental Education (EDU) Stock Surges on Q4 Results

NEW YORK (TheStreet) -- Shares of New Oriental Education & Technology (EDU) are up 6.58% to $44.53 on heavy trading volume early Wednesday afternoon after reporting better than expected 2016 fiscal fourth quarter results.

Earlier today the largest provider of private educational services in China reported earnings of 29 cents per share, topping analysts' projections by a penny.

Revenue for the period was $394.9 million, beating Wall Street's estimates of $389.7 million.

"Our very strong results for fiscal 2016 are essentially a positive manifestation of our ongoing "Optimize the Market" strategy and proof that our strategic growth...


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