TAL Education: Fiscal 1Q Earnings Snapshot
BEIJING (AP) _ TAL Education Group (TAL) on Thursday reported a fiscal first-quarter loss of $7.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Beijing-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense, came to 3 cents per share.
The education services provider posted revenue of $702.8 million in the period.
For the current quarter ending in September, TAL Education said it expects revenue in the range of $895.7 million to $916.7 million.
TAL Education shares have increased 41% since the beginning of the year. The stock has dropped nearly 6% in the last 12 months.