CLSA Downgrades TAL Education Group American De (XRS) to Outperform
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TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year Ended February 29, 2016
April 28, 2016 4:00 AM EDTBEIJING, April 28, 2016 /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 fourth quarter and the fiscal year ended February 29, 2016.
Highlights for the Fourth Quarter of Fiscal Year 2016
Net revenues increased by 42.1% year-over-year to US$175.0 million from US$123.2 million in the same period of the prior year. Income from operations increased by 12.1% to US$16.6 million from US$14.9 million in the same period of... More