Shares of TAL Education Group (NYSE: TAL) surged 7.67% in pre-market trading on Thursday, following the company's impressive third-quarter fiscal 2025 financial results that beat Wall Street expectations.
The Chinese education technology company reported revenue of $606.4 million for the quarter ended November 30, 2024, up 62.4% year-over-year. This figure surpassed analysts' consensus estimate of $542.2 million.
TAL Education also reported adjusted earnings per American Depositary Share (ADS) of $0.06, outperforming the $0.04 estimate. The company's net income attributable to TAL was $23.1 million, a significant turnaround from the $23.9 million net loss in the same quarter last year.
The strong financial performance was driven by robust growth in TAL's AI learning devices and online education services, as well as contributions from strategic partnerships. The company's deferred revenue balance also increased substantially, reflecting strong demand for its offerings.
"We achieved healthy year-on-year revenue growth this quarter. Our AI learning devices remained one of our faster-growing business lines and received encouraging user feedback and market recognition," said Alex Peng, TAL's President & Chief Financial Officer.
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