Why TAL Education Stock Jumped 15% Today
Shares of Chinese for-profit education company TAL Education Group (NYSE: TAL) jumped in Wednesday trading -- an apparent delayed reaction to yesterday's fiscal third-quarter 2022 earnings news, that now has the stock up 14.9% as of 11:20 a.m. ET.
TAL reported its earnings Tuesday morning -- but the news got drowned out by headlines about Russia's deployment of troops into Ukraine. As a result, TAL stock didn't move much yesterday, gaining only a single penny in share price. Today, with the Russia news mostly digested, investors were freer to focus on TAL's numbers.
But what do those numbers actually say? Sadly, the news is not good.
Source Fool.com
