New Oriental (EDU, Financial) shares dropped by 1.87% in pre-market trading, priced at $74.36. Macquarie has revised its forecast for New Oriental’s non-GAAP net profit for fiscal years 2025 to 2027, reducing it by 11.6% to 13.3%. This adjustment is based on a lowered revenue prediction and non-GAAP operating profit forecast for the company.
The report highlights that while New Oriental's non-academic K-9 business remains robust, there is an anticipated slowdown in the growth of its overseas test preparation business during the first quarter of fiscal year 2025.
