New Oriental Education Stock Near Profit-Taking Zone Ahead Of Earnings

Shares of China-based education companies New Oriental Education (EDU) and Tal Education (TAL) are rallying Friday ahead of their earnings reports next week.

New Oriental

The provider of language-training and test-preparation services reports fiscal Q3 results early Monday.

Estimates: EPS to increase 32%, to 41 cents, as revenue grows 21%, to $419.7 million.

Stock: Shares were up 0.85%, at 62.58, in midday trading on the stock market today, nearing the profit-taking sell threshold of 64.18...

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