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Why New Oriental Education Stock Popped Today

TheMotleyFool

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Why New Oriental Education Stock Popped Today: https://g.foolcdn.com/editorial/images/706256/chinese-tutoring.jpg

Shares of New Oriental Education & Technology Group (NYSE: EDU) were jumping after the Chinese tutoring company posted better-than-expected results in its fiscal first-quarter earnings report.

As a result, the stock was up 18.7% as of 10:12 a.m. ET this morning.

New Oriental is still adjusting its business after China banned for-profit tutoring in core K-12 education a year ago.

Source Fool.com

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