BUZZ-Tal Education ADRs rise after Q4 beat, share buyback; peers rise

Reuters04-25

** U.S.-listed shares of online education firm TAL Education Group up ~7% at $13.13 premarket

** Tal's Q4 results beat estimates and co extends its existing share buyback plan

** Expects to repurchase about $503.9 mln shares in the next 12 months that it aims to fund out of its existing cash balance

** Other Chinese education stocks rise: Gaotu Techedu

up 3.3%, New Oriental Education & Technology Group Inc

adds 3.1%

** TAL shares down 3% YTD compared to 78% surge in GOTU and 5.2% rise in EDU

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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