New Oriental Education & Technology Group Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 869.6 million compared to USD 638.21 million a year ago. Net income was USD 30.07 million compared to USD 0.732 million a year ago. Basic earnings per share from continuing operations was USD 0.2. Diluted earnings per share from continuing operations was USD 0.2.
For the six months, sales was USD 1,969.62 million compared to USD 1,383.04 million a year ago. Net income was USD 195.45 million compared to USD 66.73 million a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 1.2 compared to USD 0.4 a year ago.