Plus   Neg

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
Swiss drug major Novartis AG reported Wednesday that its fourth-quarter net profit declined, while operating income climbed on strong sales growth. Looking ahead, for fiscal 2020, the company expects net sales to grow mid to high-single digit and core operating income to grow high-single to low double digit, both in constant currency. Starbucks on Tuesday said it has closed more than half of its stores in China temporarily due to the worsening coronavirus outbreak that claimed around 132 lives in the country. The coffee giant is also monitoring and modifying the operating hours of all of its stores in the region.The closed store count would be more than 2000 as Starbucks operates almost 4,300 outlets in China. eBay Inc. (EBAY) Wednesday reported a fourth-quarter profit that trumped Wall Street analysts' estimates, as did revenues. However, shares of the company slipped over 5% after the company issued a weak outlook for the first quarter. eBay's fourth-quarter profit dropped to $558 million or $0.69 per...
Follow RTT