Why New Oriental Education Stock Popped Today
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