BEIJING (AP) _ New Oriental Education & Technology Group Inc. (EDU) on Friday reported fiscal second-quarter profit of $53.9 million.

On a per-share basis, the Beijing-based company said it had profit of 33 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 43 cents per share.

The educational services provider posted revenue of $887.7 million in the period.

For the current quarter ending in March, New Oriental said it expects revenue in the range of $1.1 billion to $1.14 billion.

New Oriental shares have decreased nearly 2% since the beginning of the year. The stock has increased 38% in the last 12 months.

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