TAL Education Group (XRS) Tops Q1 EPS by 5c

TAL Education Group (NYSE: XRS) reported Q1 unaudited EPS of $0.22, ex-items, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $89 million versus the consensus estimate of $86.9 million.

"Over the years we have proven that we can sustain our teaching quality and outstanding reputation as we steadily grow our bricks-and-mortar learning center network. Word-of-mouth is our primary objective; this is what ultimately drives our business results. In determining how quickly to expand our learning center network we will continue to look primarily at customer satisfaction and market reputation as key criteria and not be tempted to expand too quickly in order to achieve short-term business outcomes. As always, we also will not invest heavily in sales and marketing to drive our business results but instead let the quality of our teaching and customer service promote the word-of-mouth which in turn will continue to drive our strong organic growth," said TAL's Chairman and Chief Executive Officer, Mr. Bangxin Zhang.

"TAL's mission is to help students achieve better outcomes through a more efficient learning process. We will use multimedia, Internet, and mobile in a blended learning approach to achieve this goal, and in so doing transform TAL into a leading technology-driven provider of education services in China. Over the last several years we have gradually increased our investment in R&D and online education initiatives and going forward we will continue to reinvest greater resources back into these areas. On August 1, our Eduu platform, which includes websites that we have now run for the last ten years, will change its name to 'Jia Zhang Bang,' or 'Helping Parent Community,' which is the name of our parent community mobile app. Through these efforts and more we will use technology and the mobile Internet to reshape today's teach-and-learn model," Mr. Zhang continued.

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

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