TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2020
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TAL Education (TAL) Misses Q4 EPS by 14c, Revenues Miss; Offers Q1 Revenue Outlook Below Consensus
April 28, 2020 5:55 AM EDTTAL Education (NYSE: TAL) reported Q4 EPS of ($0.10), $0.14 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $857.7 million versus the consensus estimate of $860.84 million.
Highlights for the Fourth Quarter of Fiscal Year 2020
Net revenues increased by 18.0% year-over-year to US$857.7 million from US$726.6 million in the same period of the prior year.Loss from operations was US$41.3 million, compared to income from operations of US$114.7 million in the same period of the prior year.Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$8.4... More