logo
  

Stock Alert- TAL Education Group (TAL) Stock Sets New High

Shares of China's TAL Education Group (TAL) set a new all-time high of $46.15, despite a not-so-great eps number in its recent quarterly release.

In its recent Q2 report, the K-12 (the period from year before first-grade through high school senior year) after-school tutoring services provider said its adjusted eps dropped to 2 cents per share, despite a 33.8% year-over-year rise in revenues to $936.6 million. The company attributed strong and widely-distributed growth of its small class business, as well as continued scaling up of online courses for its revenue performance.

The company also said it expects Q3 revenues of $826.2 million to $843.8 million, representing a 41% to 44% increase from last year.

TAL is expanding into new cities in China, entering 12 locations in the second quarter, bringing its current geographic coverage to 69 cities across China. Government's support of online education and the company's expansion plans seem to help the stock.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
RELATED NEWS
Follow RTT