TAL Education (TAL) Misses Q4 EPS by 14c, Revenues Miss; Offers Q1 Revenue Outlook Below Consensus

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Go back to TAL Education (TAL) Misses Q4 EPS by 14c, Revenues Miss; Offers Q1 Revenue Outlook Below Consensus

TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2020

April 28, 2020 4:00 AM EDT

- Quarterly Results:Net Revenues up by 18.0% Year-Over-YearLoss from Operations was US$41.3 million, compared to Income from Operations of US$114.7 million in the Same Period of Prior YearNon-GAAP Loss from Operations was US$8.4 million, compared to Non-GAAP Income from Operations of US$137.0 million in the Same Period of Prior YearTotal Student Enrollments of Normal Priced Long-term Course up by 56.6% Year-Over-Year

- Fiscal Year Results:Net Revenues up by 27.7%Income from Operations was US$137.4 million, compared to Income from Operations of US$341.6 million in Fiscal Year 2019Non-GAAP... More