TAL Education Group (XRS) Tops Q2 EPS by 40c, Offers Outlook

TAL Education Group (NYSE: XRS) reported Q2 EPS of $0.78, $0.40 better than the analyst estimate of $0.38. Revenue for the quarter came in at $173.3 million versus the consensus estimate of $162.53 million.

Business Outlook

Based on the Company's current estimates, total net revenues for the third quarter of fiscal year 2016 are expected to grow 40% to 43% on a year-over-year basis, in RMB terms. Taking into consideration the recent significant change in RMB exchange rate against the US dollar, the Company expects total net revenues for the third quarter of fiscal year 2016 to be between US$135.1 million and US$138.1 million, representing an increase of 36% to 39% on a year-over-year basis, assuming no material change in exchange rates.

These estimates reflect the Company's current expectation, which is subject to change.

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

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