TAL Education reports Q3 EPS ex-items 24c, may not compare to consensus 8c
Reports Q3 revenue $589M, consensus $576.34M. Total student enrollments increased by 68.4% year-over-year to approximately 2,599,180 from approximately 1,543,740 in the same period of the prior year. "Our third quarter revenue performance was based on healthy growth of small class business and the continued scaling of our online courses," said Mr. Rong Luo, TAL's Chief Financial Officer. "We are pleased to see that during the quarter, our overall financial and business performance have further improved due to our ongoing efforts to upgrade operational utilization and efficiency." Luo continued, "TAL is as always committed to promote education through science and technology. For the long term, we will maintain our investments in enriching the content and all cutting-edge areas of educational technologies, which will enable students to develop their potential through both curriculum based and competence oriented tutoring programs."