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TAL International (TAL) Tops Q3 EPS by 3c; Guides Q4 Revs Above the Street

January 19, 2017 6:17 AM EST

TAL International (NYSE: TAL) reported Q3 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $260.6 million versus the consensus estimate of $230.34 million.

GUIDANCE:

TAL International sees Q4 2016 revenue of $285.3-288.8 million, versus the consensus of $266.3 million.

"The strong revenue growth in the third quarter was partly driven by contribution of the newly acquired businesses including Firstleap and Shunshun, and partly by the robust enrollment growth from the new capacities we added in fiscal year 2017. As planned, we entered two new cities, Changchun and Guiyang, widening our geographic footprint to 27 cities across China. We will maintain this healthy speed of network expansion and continue laying a strong foundation for our long-term growth," said Mr. Rong Luo, TAL's Chief Financial Officer.

Mr. Luo continued, "At the same time, we will maintain our strategy of investing in new technology. Keeping our vision in mind that science and technology advance education, we can solidify our early-mover advantage on the crossroads where the technology meets education."

For earnings history and earnings-related data on TAL International (TAL) click here.



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