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, 2016
July 26, 2016 4:00 AM EDTBEIJING, July 26, 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 first quarter of fiscal year 2017 ended May 31, 2016.
Highlights for the First Quarter of Fiscal Year 2017
Net revenues increased by 50.8% year-over-year to US$195.1 million from US$129.4 million in the same period of the prior year. Income from operations was US$17.6 million, compared to US$19.6 million in the same period of the prior year.... More