Last $31.01 USD
Change Today -0.49 / -1.56%
Volume 396.5K
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tal education group- adr (XRS) Key Developments

Tal Education Group Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2014; Provides Revenue Guidance for the Fourth Quarter and Full Year Ending February 28, 2015

TAL Education Group reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2014. For the quarter, the company reported net revenues of $99,368,000 compared to $73,530,000 for the same period a year ago, representing a 35.1% increase. Net income attributable to the company was $10,959,000 compared to $12,509,000 for the same period a year ago. Non-GAAP net income attributable to the company was $15,861,000 compared to $14,575,000 a year ago. Operating income was $8,219,000 compared to $11,893,000 for the same period a year ago, decreased by 30.9%. Non-GAAP operating income was $13,121,000 compared to $13,960,000 for the same period a year ago. Diluted net income per ADS attributable to the company was $0.13 compared to $0.15 a year ago. Non-GAAP diluted net income per ADS attributable to company was $0.19 compared to $0.18 a year ago. Capital expenditures for the third quarter of fiscal year 2015 were $7.5 million, representing an increase of $4.2 million from $3.3 million in the third quarter of fiscal year 2014. The increase was mainly due to leasehold improvements, mobile network research and development, and the purchase of servers, computers, software systems and other hardware for the company's teaching facilities. For the nine months, the company reported net revenues of $310,765,000 compared to $226,896,000 for the same period a year ago, representing a 37.0% increase. Net income attributable to the company was $53,427,000 compared to $43,896,000 for the same period a year ago. Non-GAAP net income attributable to the company was $66,561,000 compared to $49,662,000 a year ago. Operating income was $52,393,000 compared to $43,000,000 for the same period a year ago. Non-GAAP operating income was $65,527,000 compared to $48,765,000 for the same period a year ago. Diluted net income per ADS attributable to the company was $0.65 compared to $0.55 a year ago. Non-GAAP diluted net income per ADS attributable to company was $0.80 compared to $0.62 a year ago. The company also provided revenue guidance for the fourth quarter and full year ending February 28, 2015. Total net revenues for the fourth quarter of fiscal year 2015 are expected to be between $116.6 million and $119.2 million, representing an increase of 34% to 37% on a year-over-year basis. This estimation also incorporates the quarter-to-date exchange rate impact. Total net revenues for the fiscal year ending February 28, 2015 are expected to be between $427.4 million and $430.0 million, representing an increase of 36% to 37% year-over-year.

TAL Education Group to Report Q3, 2015 Results on Jan 22, 2015

TAL Education Group announced that they will report Q3, 2015 results at 9:00 AM, China Standard Time on Jan 22, 2015

TAL Education Group, Q3 2015 Earnings Call, Jan 22, 2015

TAL Education Group, Q3 2015 Earnings Call, Jan 22, 2015

TAL Education Group Presents at Macquarie China Internet, Media and Technology Conference - Beijing, Dec-08-2014 09:00 AM

TAL Education Group Presents at Macquarie China Internet, Media and Technology Conference - Beijing, Dec-08-2014 09:00 AM. Venue: The Ritz-Carlton Beijing, Financial Street, Temple of Heaven Ballroom, Level 2, Beijing, China.

TAL Education Group Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended Second and Six Months Ended August 31, 2014; Provides Revenue Guidance for the Third Quarter of Fiscal Year 2015

TAL Education Group reported unaudited consolidated earnings results for the second quarter and six months ended second and six months ended August 31, 2014. For the quarter, the company reported net revenues of USD 122.37 million compared to USD 91.97 million a year ago. Net income attributable to the company was USD 29.12 million or USD 0.34 per diluted ADS compared to USD 23.33 million or USD 0.29 per diluted ADS a year ago. Non-GAAP net income attributable to the company was USD 33.31 million or USD 0.39 per diluted ADS compared to USD 25.14 million or USD 0.31 per diluted ADS a year ago. Operating income was USD 30.51 million compared to USD 24.44 million a year ago. Non-GAAP operating income was USD 34.70 million compared to USD 26.25 million a year ago. Income before provision for income tax and loss from equity method investments was USD 34.57 million compared to USD 26.82 million a year ago. For the six months, the company reported net revenues of USD 211.40 million compared to USD 153.37 million a year ago. Net income attributable to the company was USD 42.47 million or USD 0.52 per diluted ADS compared to USD 31.39 million or USD 0.39 per diluted ADS a year ago. Non-GAAP net income attributable to the company was USD 50.70 million or USD 0.61 per diluted ADS compared to USD 35.09 million or USD 0.44 per diluted ADS a year ago. Operating income was USD 44.17 million compared to USD 31.11 million a year ago. Non-GAAP operating income was USD 52.41 million compared to USD 34.81 million a year ago. Income before provision for income tax and loss from equity method investments was USD 50.39 million compared to USD 36.08 million a year ago. The company provided revenue guidance for the third quarter of fiscal year 2015. Based on the company's current estimates, total net revenues for the third quarter of fiscal year 2015 are expected to be between USD 96.3 million and USD 98.5 million, representing an increase of 31% to 34% on a year-over-year basis, assuming no material change in exchange rates.

 

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