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Last $36.83 USD
Change Today -0.17 / -0.46%
Volume 440.6K
XRS On Other Exchanges
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Exchange
New York
Berlin
As of 4:15 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

tal education group- adr (XRS) Key Developments

TAL Education Group Announces Unaudited Consolidated Financial Results for the Fourth Fiscal Quarter and the Fiscal Year Ended February 28, 2015; Provides Earnings Guidance for the First Quarter of 2016

TAL Education announced unaudited consolidated financial results for the fourth quarter and the fiscal year ended February 28, 2015. For the quarter, the company reported net revenues of $123,204,551 against $86,998,753 a year ago. Income from operations was $14,854,852 against $14,395,956 a year ago. Income before provision for income tax and loss from equity method investments was $15,292,938 against $16,830,167 a year ago. Total net income attributable to the company $13,729,221 or $0.08 per diluted share was against $16,709,610 or $0.10 per diluted share a year ago. Diluted net income per ADS share was $0.17 against $0.21 a year ago. Non-GAAP income from operations was $20,162,216 against $16,975,788 a year ago. Non-GAAP net income attributable to the company was $19,036,585 against $19,289,442 a year ago. Non-GAAP diluted net income per ADS share was $0.23 against $0.24 a year ago. In the fourth quarter of fiscal year 2015, the company reported net revenues, representing a 41.6% increase from the fourth quarter of fiscal year 2014. The increase was mainly driven by an increase in total student enrollments, which increased by 44.4% to approximately 502,350 from approximately 348,000 in the same period of the prior year. The increase in total student enrollments was driven primarily by increases of enrollments in the small class offerings. Capital expenditures for the fourth quarter of fiscal year 2015 were $10.1 million, an increase of $7.8 million from $2.3 million in the fourth quarter of fiscal year 2014. The increase was mainly due to leasehold improvements and the purchase of servers, computers, software systems and other hardware, for the company's teaching and mobile network R&D facilities. For the year, the company reported net revenue of $433,969,569 against $313,895,205 a year ago. Income from operations was $67,248,114 against $57,395,931 a year ago. Income before provision for income tax and loss from equity method investments was $77,242,373 against $67,285,526 a year ago. Total net income attributable to the company was $67,156,575 or $0.41 per diluted share against $60,605,772 or $0.38 per diluted share a year ago. Diluted net income per ADS share was $0.82 against $0.76 a year ago. Non-GAAP income from operations was $85,689,190 against $65,741,221 a year ago. Non-GAAP net income attributable to the company was $85,597,651 against $68,951,062 a year ago. Non-GAAP diluted net income per ADS share was $1.03 against $0.86 a year ago. The reported net revenues, representing a 38.3% increase from the fiscal year 2014. The increase was mainly driven by increases of enrollments in the small class offerings. Capital expenditures for fiscal year 2015 were $30.6 million, an increase of $19.7 million from $10.9 million in fiscal year 2014. The increase was mainly due to leasehold improvements, and the purchase of servers, computers, software systems and other hardware, for the Company's teaching and mobile network R&D facilities. For the first quarter of 2016, based on the company's current estimates, total net revenues for the first quarter of fiscal year 2016 are expected to be between $122.0 million and $124.6 million, representing an increase of 37% to 40% on a year-over-year basis, assuming no material change in exchange rates.

TAL Education Group to Report Fiscal Year 2015 Results on Apr 28, 2015

TAL Education Group announced that they will report fiscal year 2015 results at 9:00 AM, China Standard Time on Apr 28, 2015

TAL Education Group, 2015 Earnings Call, Apr 28, 2015

TAL Education Group, 2015 Earnings Call, Apr 28, 2015

TAL Education Group Presents at China Internet Corporate Day, Mar-09-2015

TAL Education Group Presents at China Internet Corporate Day, Mar-09-2015 . Venue: Nomura Hong Kong Office, Hong Kong, Hong Kong.

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.

 

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