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Shares of TAL Education (NYSE:TAL) decreased 3% in pre-market trading after the company reported Q2 results.
Earnings per share rose 300.00% year over year to $0.08, which missed the estimate of $0.12.
Revenue of $1,103,000,000 higher by 17.76% from the same period last year, which missed the estimate of $1,130,000,000.
TAL Education hasn't issued any earnings guidance for the time being.
TAL Education hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Oct 22, 2020
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/x5csxmnu
Recent Stock Performance
Company's 52-week high was at $83.67
52-week low: $36.12
Price action over last quarter: down 7.82%
Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth-quarter fiscal 2020, TAL's small classes account for 68% of its revenue, one-on-one 8%, and Xueersi.com 24%. Its tutoring services cover the core academic subjects in China's school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 70-plus cities in China and a total of 871 learning centers. In fourth-quarter fiscal 2020, current normal priced long-term course student enrolment was 4.65 million.
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