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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。