TAL Education Sees a Modest Slowdown Ahead
Investors have been pushing up the stock price of TAL Education Group (NYSE: TAL) on expectations of accelerating growth. The Chinese private education specialist beat Wall Street targets in late October, which set the bar high for this week's third-quarter report.
As expected, the company announced robust demand for both its in-person tutoring and online courses as it expanded its digital services and added new cities in China. That good news was slightly offset by surging marketing expenses and a reduced outlook for the rest of fiscal 2020.
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Source Fool.com
