New Oriental Education (EDU) Reports $1.42 Billion Revenue Growth

AI Summary

Cederberg Capital sold 826,670 shares of New Oriental Education (EDU), reducing its position by $45 million in Q1 2026. New Oriental Education reported a revenue of $1.42 billion for the third quarter, representing a 20% year-over-year increase. The company's operating income increased by 45% to $180 million, and net income rose by 45% to $127 million. As of the latest trading session, EDU shares were priced at $45.79, reflecting a 3% decline over the past year, in contrast to a 28% increase in the S&P 500.