TAL Education Tops Estimates On Fiscal Q3 EPS And Revenues

TAL Education American depository shares were higher 3% in recent pre-market trade after the tutoring services provider in China reported fiscal Q3 adjusted earnings per ADS of $0.26, up from $0.19 in the same period a year ago and topping the estimate of $0.22 from analysts polled by CapIQ.

For the quarter ended Nov.30 total revenues of $260.6 million were up from $142.2 million in the same period a year ago and exceeded the Street projection of $230.4 million.

The company expects Q4 revenues between $285.3 million and $288.8 million, representing an increase of 63% to 65% on a year-over-year basis and beating the Street projection of $268.5 million.

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