BEIJING (AP) — BEIJING (AP) — New Oriental Education & Technology Group Inc. (EDU) on Wednesday reported profit of $245.4 million in its fiscal first quarter.

The Beijing-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.60 per share.

The educational services provider posted revenue of $1.44 billion in the period.

For the current quarter ending in November, New Oriental said it expects revenue in the range of $851.4 million to $871.8 million.

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