New Oriental (EDU) Shares Decline Pre-Market Amid Profit Forecast Downgrade

Company Performance - New Oriental (EDU) shares dropped by 1.87% in pre-market trading, priced at $74.36 [1] - Macquarie revised its forecast for New Oriental's non-GAAP net profit for fiscal years 2025 to 2027, reducing it by 11.6% to 13.3% [1] - The revision is based on a lowered revenue prediction and non-GAAP operating profit forecast for the company [1] Business Segments - New Oriental's non-academic K-9 business remains robust [1] - An anticipated slowdown in the growth of its overseas test preparation business during the first quarter of fiscal year 2025 [1]