Chinese smart learning solutions provider TAL Education Group (TAL) Thursday announced an increase in first quarter earnings increased significantly, on improved revenues, compared to the prior year.
Earnings for the quarter was $31.282 million, up from $11.402 million a year ago. On a per share basis, earnings were $0.15, up from $0.06 in the previous year. Net earnings per ADS climbed to $0.05, from $0.02 a year ago.
On an adjusted basis, earnings were $42 million, while the prior year non-GAAP earnings were $29.6 million.
Analysts, on average, expected the company to earn $0.03 per share. Analysts estimates usually exclude special items.
Quarterly revenues increased to $574.99 million from $414.19 million last year.
In the pre-market hours TAL is at $11.10, up 9.85 percent from the previous close of $10.09.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.