Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of China-centric private educator New Oriental Education & Technology Group (NYSE: EDU) are soaring as much as 11% today on moderately heavy trading volume.

So what: New Oriental just handed in its third-quarter report card, and it's full of A's. Earnings came in 25% above analyst targets on a 9% revenue surprise as the company builds out an impressive network of schools.

Now what: The impressive part here is the ability to raise revenues at such a fantastic rate on "only" 17.8% higher total enrollment year-over-year. New Oriental's test prep services are in high demand, led by 140% stronger sales of its personalized instruction programs. New Oriental's market-leading performance is distancing the stock from smaller and less efficient rivals Ambow Education Holding (NYSE: AMBO) and China Distance Education Holdings (NYSE: DL).

Interested in more info on New Oriental Education & Technology? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. New Oriental Education & Technology Group is a Motley Fool Rule Breakers choice. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.