TAL Education Group's stock surged 12.95% in pre-market trading following the release of its unaudited financial results for the first fiscal quarter of 2027.
The company reported net revenues of $758.4 million, a 31.9% increase year-over-year. Net income attributable to shareholders jumped to $408 million, or $0.74 per ADS, compared to just $0.05 per ADS in the same quarter last year. The strong bottom line was aided by a significant increase in other income, mainly due to fair value fluctuations of certain investments. Additionally, the board extended its share repurchase program by 12 months through July 28, 2027, with approximately $393.7 million still authorized for buybacks.
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