US Stock Market Move | Performance dragged down by EAST BUY causes New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) to drop more than 15% before the market opens.

On Tuesday, New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) fell more than 15% in pre-market trading, closing at $51.55. On the news front, New Oriental Education & Technology Group, Inc. Sponsored ADR released its performance for the second quarter of the 2025 fiscal year ending November 30, 2024. During the reporting period, the net revenue was $1.04 billion, a year-on-year increase of 19.4%; net profit was $31.931 million, an increase of 6.2% year-on-year. The performance of New Oriental Education & Technology Group, Inc. Sponsored ADR was dragged down by EAST BUY (01797). The report shows that in the second quarter of the 2025 fiscal year, excluding the operating losses generated by EAST BUY's self-operated products and live e-commerce business, the operating profit of New Oriental Education & Technology Group, Inc. Sponsored ADR was $25 million, an increase of 102.5% compared to the same period last year.