- MINISO Group Holding Limited (NYSE:MNSO) board of directors authorized and approved a new share repurchase program.
- Under the program, the company is authorized to repurchase up to $100 million of its shares over a period of 12 months starting September 29, 2022.
- The company expects to fund the repurchase from surplus cash on its balance sheet.
- The company held $870.1 million in cash and equivalents as of June 30, 2022.
- Price Action: MNSO shares are trading lower by 4.52% at $4.65 on the last check Thursday.
UPDATE: New Oriental Education Q4 Adj. EPS $(0.94) Down From $(0.03) YoY, Sales $524.02M Down From $1.21B YoY
New Oriental Education (NYSE:EDU) reported quarterly losses of $(0.94) per share. This is a 3033.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported $524.02 million
