Why TAL Education Stock Popped Today
Shares of TAL Education (NYSE: TAL) have popped today, up by 15% as of 11:35 a.m. EST, after the company reported fiscal third-quarter earnings. The results were mixed relative to analyst expectations.
Revenue in the fiscal third quarter increased 35% to $1.12 billion, which was ahead of the $1.08 billion in sales that Wall Street was looking for. That resulted in adjusted net income of $10.4 million, or $0.02 per American depositary share (ADS). The consensus estimate called for $0.08 per ADS in adjusted profits. The Chinese tutoring company now has nearly 3.4 million students enrolled in long-term courses.
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Source Fool.com
