TAL Education Group (XRS) Misses Q1 EPS by 2c

TAL Education Group (NYSE: XRS) reported Q1 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $129.4 million versus the consensus estimate of $122.2 million.

Business Outlook

Based on the Company's current estimates, total net revenues for the second quarter of fiscal year 2016 are expected to be between US$161.5 million and US$165.2 million, representing an increase of 32% to 35% on a year-over-year basis, assuming no material change in exchange rates.

*** The Street sees Q2 revenue of $164.4 million.

For earnings history and earnings-related data on TAL Education Group (XRS) click here.

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