0.48%SPY 123.51 0.42%XLF 20.91 0.33%
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NEW YORK - Beijing-based New Oriental Education and Technology Group Inc., a provider of private educational services in China, predicted fourth-quarter revenue below Wall Street expectations on Wednesday after third-quarter results exceeded forecasts.
| EDU | 69.09 |  -1.75 |
New Oriental expects fourth quarter revenue to range from $32.1 million to $33.4 million, which represents a growth range of 29 percent to 34 percent.
Analysts surveyed by Thomson Financial forecast quarterly revenue of $35 million.
Also Wednesday, New Oriental said third-quarter earnings grew 38 percent as enrollment jumped and deferred revenue more than doubled due to severe winter storms during the period.
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