TAL Education Group's stock surged 12.01% during intraday trading on Thursday, following the release of its third-quarter fiscal year 2026 financial results.
The significant price increase appears to be driven by the company's substantial earnings beat and improved profitability. TAL Education reported non-GAAP earnings per share of $0.25, which significantly exceeded analyst estimates of $0.07 by 247.22%. This represents a 316.67% increase compared to the same period last year.
Furthermore, the company reported net income of $130.6 million for the quarter, marking a 466.1% surge from the prior year and reversing a previous loss. Revenue reached $770.2 million, growing 27% year-over-year. The improved financial performance was supported by effective cost management, including a 2.8% decrease in selling and marketing expenses, and strong operating cash flow of $526.7 million.
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