Why TAL Education Group Stock Jumped 25% in October
Shares of TAL Education Group (NYSE: TAL) rose 25% in October, according to data from S&P Global Market Intelligence. The stock appeared to benefit from the market momentum of China's tech sector, and also jumped significantly following its fiscal second-quarter earnings release.
TAL, which provides an array of tutoring services and online instruction for students in China, reported fiscal second-quarter results on Oct. 24, and its earnings fell significantly short of analysts' consensus expectation, despite a significant beat on sales.
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Source Fool.com
