TAL Education Group (XRS) Misses Q1 EPS by 2c
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TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2015
July 23, 2015 4:00 AM EDTBEIJING, July 23, 2015 /PRNewswire/ -- TAL Education Group (NYSE: XRS) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced its unaudited financial results for the first quarter of fiscal year 2016 ended May 31, 2015.
Highlights for the First Quarter of Fiscal Year 2016
Net revenues increased by 45.3% year-over-year to US$129.4 million from US$89.0 million in the same period of the prior year. Income from operations increased by 43.4% to US$19.6 million from US$13.7 million in the same period of the prior year.... More