In This Article:
TAL Education Group (NYSE:TAL) shares are trading higher in premarket Thursday after the third-quarter earnings result.
The company reported third-quarter FY25 sales growth of 62.4% year-on-year to $606.446 million, beating the analyst consensus estimate of $542.19 million.
Operating costs and expenses increased 53.9% Y/Y to $624.7 million. The gross profit shot up 59.6% Y/Y to $319.8 million with a gross margin of 52.7%.
The operating loss for the quarter narrowed to $17.4 million from a loss of $32.2 million last year.
The company held $2.2 billion in cash and equivalents as of November 30, 2024. Operating cash flow for the quarter was $378 million.
Non-GAAP net income per ADS of $0.06 beat the consensus estimate of $0.04.
“We achieved healthy year-on-year revenue growth this quarter. Our AI learning devices remained one of our faster-growing business lines and received encouraging user feedback and market recognition,” said President and CFO Alex Peng.
Price Action: TAL shares are trading higher by 13.57% at $10.36 in premarket at the last check Thursday.
Photo via Shutterstock.
Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
Get the latest stock analysis from Benzinga?
This article TAL Education Posts 62% Jump In Q3 Sales Driven By AI Learning Devices; Stock Surges originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.