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

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TAL Education Group Announces Unaudited Financial Results for the Second Fiscal Quarter Ended August 31, 2015

October 22, 2015 4:00 AM EDT

BEIJING, Oct. 22, 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 second quarter of fiscal year 2016 ended August 31, 2015.

Highlights for the Second Quarter of Fiscal Year 2016

Net revenues increased by 41.6% year-over-year to US$173.3 million from US$122.4 million in the same period of the prior year. Income from operations increased by 28.5% to US$39.2 million from US$30.5 million in the same period of the prior year.... More