New Oriental Education & Technology trims 3Q20 revenue

New Oriental Education & Technology trims its 3Q20 revenue guidance in the range of $902.1M-$933.2M (+13%-17% Y/Y) respectively from the prior guidance of $983M-$1,006.4M.

Impact of the outbreak of Coronavirus in China was offset by moving its offline classes to small size online live broadcasting classes through the self-developed OMO system during the quarter.

EDU +0.6% premarket to $128.61

 

Source: Press Release