logo
Plus   Neg
Share
Email

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
The media mogul and Billionaire Sumner Redstone passed away on Tuesday at the age of 97, his family's holding company National Amusements said in a statement on Wednesday. He was Chairman Emeritus of ViacomCBS and chief executive officer of National Amusements. Customers in the U.S. are preferring digital or touchless payment methods due to concerns arising from the COVID-19 pandemic, a survey said. According to the survey by Rapyd Financial Network, the coronavirus pandemic has raised health and safety concerns around using cash and coins, and is accelerating the pre-existing trend toward digital transactions. American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities.
RELATED NEWS
Follow RTT